Scitech2u Inc

Analysis

Scitech2u Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scitech2u Inc reported income of $168k and spending of $156k, spending 93% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $33k to $168k (+415%), an average of +416% a year. The sharpest change came in the year to June 2023, when income rose by 415%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scitech2u Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Childrens Reading Alliance ($168k), Lewiston Council on the Arts Inc ($168k) and Friends of Balanya English Academy ($168k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $4,673, net assets of $22k.