Business Technology Development

Analysis

Business Technology Development is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2022, Business Technology Development reported income of $234k and spending of $371k, spending 158% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $363k to $234k (-36%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Technology Development sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include San Mateo Rotary Foundation ($234k), Durand Swim Club Incorporated ($234k) and Pga Tour Wives Association Inc ($234k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 49% and program service revenue 45% of the total. Other salaries and wages came to $62k. At year end it held assets of $234k against liabilities of $200k, net assets of $34k. It reported 2 employees.