Techbridge Inc

Analysis

Techbridge Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Techbridge Inc reported income of $6.4m and spending of $6.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $6.4m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Techbridge Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Long Beach Community Foundation ($6.4m), United Way of West Alabama Inc ($6.4m) and Westmoreland Cultural Trust ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $286k (4.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.9m against liabilities of $1.7m, net assets of $1.2m. It reported 48 employees.