Extreme Tech Challenge

Analysis

Extreme Tech Challenge is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in January 2020, 6 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, Extreme Tech Challenge reported income of $956k and spending of $874k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $956k (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Extreme Tech Challenge sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Weymouth Educational Telecommunicators Corporation Inc ($956k), Wilmington Childrens Museum Inc ($956k) and Endow ($955k).

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 $379k (43% of expenses). Other salaries and wages came to $132k. At year end it held assets of $610k against liabilities of $24k, net assets of $586k. It reported 2 employees.