The Tech Interactive

Analysis

The Tech Interactive is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Tech Interactive reported income of $16.7m and spending of $21.3m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.8m to $16.7m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Tech Interactive sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Memorial Hermann Community Benefit Corporation ($16.7m), The Minnesota Opera ($16.7m) and Eastern Educational Television Network Inc ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.1m (5.2% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $87.3m against liabilities of $3.5m, net assets of $83.8m. It reported 166 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.