The Center for Technology Enterprise and Development Inc

Analysis

The Center for Technology Enterprise and Development Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, The Center for Technology Enterprise and Development Inc reported income of $775k and spending of $883k, spending 114% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $804k to $775k (-3.6%), an average of -3.6% a year. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Center for Technology Enterprise and Development Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Fortyx80 Inc ($774k), National Institute for Labor Relations Research ($775k) and Together Colorado ($774k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $141k (16% of expenses). Other salaries and wages came to $427k. At year end it held assets of $549k against liabilities of $538k, net assets of $12k. It reported 9 employees.