16 Tech Community Corporation

Analysis

16 Tech Community Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2016, 10 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, 16 Tech Community Corporation reported income of $32.5m and spending of $14.3m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $39.2m to $32.5m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 16 Tech Community Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Goodwill Industries of New Mexico ($32.5m), Community Counseling and Correctional Services Inc ($32.5m) and Icast Internationl Center for Appropriate & Sustanabl Technology ($32.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $926k (6.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $155.0m against liabilities of $45.5m, net assets of $109.6m. It reported 28 employees.