Techcongress Foundation

Analysis

Techcongress Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Techcongress Foundation reported income of $3.7m and spending of $2.5m, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.5m to $3.7m (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Techcongress Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Fulton County Emergency Medical Association Inc ($3.7m), Impact of Southern Arizona ($3.7m) and Enlace Comunitario ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $264k (11% of expenses). Other salaries and wages came to $142k. At year end it held assets of $4.6m against liabilities of $153k, net assets of $4.5m. It reported 4 employees.