Universal Tech Movement

Analysis

Universal Tech Movement is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover employment, 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 2022, Universal Tech Movement reported income of $783k and spending of $759k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $930k to $783k (-16%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Universal Tech Movement sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include America for Veterans Foundation ($783k), Santa Fe Business Incubator Inc ($783k) and Southeastern Employment and Training Association ($783k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $119k (16% of expenses). Other salaries and wages came to $449k. At year end it held assets of $910k against liabilities of $10k, net assets of $900k. It reported 14 employees.