Is Technology Council Of Maryland Inc Legit?

Quick charity verification for Technology Council Of Maryland Inc (EIN: 204950778)

Verdict: Technology Council Of Maryland Inc appears trustworthy

75/100Mission Score
$5.5MRevenue
$3.1MAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Technology Council Of Maryland Inc allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Technology Council Of Maryland Inc

Is Technology Council Of Maryland Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Technology Council Of Maryland Inc (EIN: 204950778) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Technology Council Of Maryland Inc a good charity to donate to?

Technology Council Of Maryland Inc has a Mission Score of 75/100. Revenue: $5.5M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Technology Council Of Maryland Inc?

The Employer Identification Number (EIN) for Technology Council Of Maryland Inc is 204950778. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Technology Council Of Maryland Inc spend its money?

Technology Council Of Maryland Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Technology Council Of Maryland Inc's tax-exempt status?

You can verify Technology Council Of Maryland Inc's tax-exempt status using EIN 204950778 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Technology Council Of Maryland Inc has demonstrated significant growth in revenue and assets over the past few years, with revenue increasing from $1,234,304 in 2014 to $3,573,182 in 2023. This growth is accompanied by a notable increase in assets, reaching $3,941,886 in 2023, up from $296,306 in 2014. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the organization has frequently reported expenses exceeding revenue in several periods, such as in 2023 ($3,732,875 expenses vs. $3,573,182 revenue) and 2022 ($2,935,738 expenses vs. $2,795,155 revenue), which could indicate a need for closer monitoring of operational efficiency or a strategic investment phase. The substantial increase in liabilities to $3,894,857 in 2023, nearly matching assets, warrants further investigation to understand the nature of these liabilities and their impact on long-term financial stability.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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