Tech NYC Foundation

Analysis

Tech NYC Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tech NYC Foundation reported income of $110k and spending of $107k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $110k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tech NYC Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include United Fund of Stokes County Inc ($110k), Delray Rocks Youth Football and Cheerleading Organization Inc ($110k) and Marcus Marquette Booster Club ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $76k, net assets of $7,403.