J Tech Institute Inc

Analysis

J Tech Institute Inc is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2023, J Tech Institute Inc reported income of $2.7m and spending of $3.2m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.7m (+159%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, J Tech Institute Inc 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 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Boys and Girls Club of Durant ($2.7m), Bridge the Gap College Prep ($2.7m) and Boys and Girls Club of Greater Salem Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $344k (11% of expenses). At year end it held assets of $376k against liabilities of $41k, net assets of $336k. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.