Techforce Foundation

Analysis

Techforce Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Techforce Foundation reported income of $5.3m and spending of $5.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.3m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 59%. 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, Techforce Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Park County Community Foundation ($5.3m), Chanan Foundation Inc ($5.3m) and Astros Golf Foundation ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $346k (6.2% of expenses). Other salaries and wages came to $804k. At year end it held assets of $6.1m against liabilities of $1.0m, net assets of $5.0m. It reported 10 employees.