American Council for Technology

Analysis

American Council for Technology is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, American Council for Technology reported income of $6.9m and spending of $6.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $6.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Council for Technology 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 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include S T a R-Stand Together and Recover Centers Inc ($6.9m), McEachern Endowment Fund Inc ($6.9m) and Nami California ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.2m (19% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.2m against liabilities of $4.6m, net assets of $2.6m. It reported 19 employees.