Technology Review Inc

Analysis

Technology Review Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Technology Review Inc reported income of $22.9m and spending of $22.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $22.9m (+30%), an average of +6.8% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Technology Review Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include American Center for Physics Inc ($22.9m), Oregon Museum of Science and Industry ($22.9m) and Macphail Center for Music ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $2.7m (12% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $7.3m against liabilities of $7.3m, net assets of $0. It reported 76 employees.