National Security Technology Accelerator

Analysis

National Security Technology Accelerator is a registered charity in United States, based in Crane, IN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, National Security Technology Accelerator reported income of $28.7m and spending of $36.8m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $28.7m (+1299%), an average of +93% a year. The sharpest change came in the year to December 2021, when income rose by 8001%. Over the whole period it spent 102% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, National Security Technology Accelerator sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Lifeflight of Maine LLC ($28.3m), Soldiers Angels ($30.1m) and National Registry of Emergency Medical Technicians ($27.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $158 (0.0% of expenses). Other salaries and wages came to $391k. At year end it held assets of $830.5m against liabilities of $835.2m, net assets of -$4.7m. It reported 35 employees.