Tech Valley Center of Gravity Incorporated

Analysis

Tech Valley Center of Gravity Incorporated is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Valley Center of Gravity Incorporated reported income of $478k and spending of $481k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $478k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tech Valley Center of Gravity Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Anne Arundel County Public Libraryfoundation Inc ($478k), Northumberland Public Library ($478k) and Community Care Clinic of Highlands-Cashiers Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $63k (13% of expenses). Other salaries and wages came to $94k. At year end it held assets of $382k against liabilities of $377k, net assets of $4,594. It reported 4 employees.