City Tech Collaborative

Analysis

City Tech Collaborative is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in October 2019, 7 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 (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, City Tech Collaborative reported income of $232k and spending of $222k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $232k (-87%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 82%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Tech Collaborative sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include The Foundation of the Dyersburg Dyer County Chamber of Commerce ($232k), Selah Downtown Association ($232k) and Heart of Texas Economic Development District Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $120k. At year end it held assets of $216k against liabilities of $582, net assets of $216k. It reported 2 employees.