Placer Advanced Robotics and Technology

Analysis

Placer Advanced Robotics and Technology is a registered charity in United States, based in Granite Bay, CA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Placer Advanced Robotics and Technology reported income of $191k and spending of $130k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $191k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Placer Advanced Robotics and Technology sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Friends of Silo City Inc ($191k), Delaware County Veterans Memorial Association in Newtown Square ($191k) and Santa Cruz Mountains Art Center ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 22% of the total. At year end it held assets of $102k against liabilities of $6,413, net assets of $95k.