Tech2elevate Inc

Analysis

Tech2elevate Inc is a registered charity in United States, based in Ambridge, PA. It received its IRS tax-exemption ruling in November 2022, 4 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, Tech2elevate Inc reported income of $134k and spending of $71k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $134k (+85%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tech2elevate Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Mint Hill Events Inc ($134k), Juanita C Grant Foundation Inc ($134k) and Camba Economic Development Corporation ($133k).

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 $62k against liabilities of $0, net assets of $62k.