Intech Foundation

Analysis

Intech Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Intech Foundation reported income of $112k and spending of $186k, spending 166% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $203k to $112k (-45%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intech Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Carolinas Payroll Conference ($112k), Coldspring Center ($112k) and Pueblo Central High School Foundation ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $100k. At year end it held assets of $46k against liabilities of $7,500, net assets of $38k. It reported 2 employees.