Techequity Collaborative

Analysis

Techequity Collaborative is a registered charity in United States, based in Martinez, CA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Techequity Collaborative reported income of $2.2m and spending of $2.1m, spending 93% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.0m to $2.2m (+122%), an average of +49% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Techequity Collaborative sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Icl Joselow House Inc ($2.2m), Grace Place Ministry Inc ($2.2m) and Shelters of Saratoga Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $396k (19% of expenses). Other salaries and wages came to $960k. It paid $54k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $113k, net assets of $913k. It reported 15 employees.