Hi-Tech Charities

Analysis

Hi-Tech Charities is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hi-Tech Charities reported income of $1.2m and spending of $1.8m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $929k to $1.2m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 725%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hi-Tech Charities sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Grace Christian Academy of St Lucie County Inc ($1.2m), Threshold Community Program Inc ($1.2m) and Stuyvesant High School Alumni Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $467k. At year end it held assets of $3.8m against liabilities of $32k, net assets of $3.8m. It reported 15 employees.