Istec Inc

Analysis

Istec Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2000, 26 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, Istec Inc reported income of $133k and spending of $90k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $133k (+295%), an average of +295% a year. The sharpest change came in the year to December 2023, when income rose by 295%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Istec Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within NM. Charities of a similar size with the same main cause include Uplook Ministries Inc ($133k), Newberg Downtown Coalition ($133k) and Chicago Festival of Israeli Cinema NFP ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $139k against liabilities of $9,980, net assets of $129k.