Tech Impact

Analysis

Tech Impact is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Tech Impact reported income of $12.0m and spending of $12.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $12.0m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tech Impact 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 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include American Federation for Children Growth Fund Inc ($12.0m), American Association of University Women Inc ($12.0m) and Gilder Lehrman Institute of American History ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $11.1m against liabilities of $1.9m, net assets of $9.2m. It reported 171 employees.