Montgomery Techlab Inc

Analysis

Montgomery Techlab Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in February 2023, 3 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, Montgomery Techlab Inc reported income of $252k and spending of $212k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.5m to $252k (-83%), an average of -83% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. 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, Montgomery Techlab Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Upper Albany Main Street Program Inc ($252k), PHCC Educational Foundation ($253k) and Harrison House of Hope ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $723k against liabilities of $22k, net assets of $701k.