Consumer Technology Association Foundation

Analysis

Consumer Technology Association Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in October 2008, 18 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Consumer Technology Association Foundation reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Consumer Technology Association Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Freedom Academy Inc ($1.1m), Generating Income for Tomorrow ($1.1m) and Rooc Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $300k (28% of expenses). Other salaries and wages came to $75k. It paid $61k in professional fundraising fees. At year end it held assets of $4.8m against liabilities of $303k, net assets of $4.5m. It reported 3 employees.