Downstate Technology Center Inc
Downstate Technology Center Inc shows strong financial growth and high program spending efficiency with no reported officer compensation.
EIN: 113600385 · Brooklyn, NY · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 90/100 |
Is Downstate Technology Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downstate Technology Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downstate Technology Center Inc
Downstate Technology Center Inc (EIN: 113600385) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code S30. The organization reported total revenue of $3.1M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downstate Technology Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downstate Technology Center Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$599K |
| Total Assets | $4.0M |
| Total Liabilities | $773K |
| Net Assets | $3.3M |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 22.9 months |
Financial Health Grade: A
In 2023, Downstate Technology Center Inc reported a surplus of $599K with revenue exceeding expenses, holds 22.9 months of operating reserves (strong position), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downstate Technology Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | -0.9% | +15.5% |
| 2022 | +16.3% | +8.9% | +10.8% |
| 2021 | +19.9% | +14.1% | +6.0% |
| 2020 | -25.1% | -5.2% | +17.4% |
| 2019 | -11.5% | +8.4% | +44.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Downstate Technology Center Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Downstate Technology Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $599K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either volunteer leadership or that executive compensation is not reported in this specific section of the 990, which would require further scrutiny for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Downstate Technology Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may indicate compensation is reported elsewhere or a lack of transparency in this specific data point.
Strengths
The following positive indicators were identified for Downstate Technology Center Inc:
- Strong program spending ratio (85% in 2023).
- Consistent revenue growth, from $724,722 in 2015 to $2,713,773 in 2023.
- Significant asset growth, from $328,565 in 2015 to $4,034,760 in 2023.
- Positive net income (revenue exceeding expenses) in most recent filings, indicating financial stability.
- Low fundraising expense ratio (5% in 2023).
Frequently Asked Questions about Downstate Technology Center Inc
Is Downstate Technology Center Inc a legitimate charity?
Downstate Technology Center Inc (EIN: 113600385) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Downstate Technology Center Inc spend its money?
Downstate Technology Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downstate Technology Center Inc tax-deductible?
Downstate Technology Center Inc is registered as a tax-exempt nonprofit (EIN: 113600385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Downstate Technology Center Inc's spending goes to programs?
Downstate Technology Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downstate Technology Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Downstate Technology Center Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downstate Technology Center Inc located?
Downstate Technology Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113600385. It is classified under NTEE code S30.
How many years of IRS 990 filings does Downstate Technology Center Inc have?
Downstate Technology Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.1M in total revenue.
Is Downstate Technology Center Inc a good charity?
Based on the provided IRS 990 data, Downstate Technology Center Inc appears to be a good charity, demonstrating strong financial health, consistent growth, and a high percentage of spending directed towards its programs (85% in 2023).
How has Downstate Technology Center Inc's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $724,722 in 2015 to $2,713,773 in 2023, and assets growing from $328,565 to $4,034,760 in the same period, indicating robust financial management.
What is Downstate Technology Center Inc's spending efficiency?
Downstate Technology Center Inc exhibits high spending efficiency, allocating 85% of its expenses to program services, 10% to administrative costs, and 5% to fundraising in the latest filing (2023), which is a healthy distribution for a nonprofit.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests either that the organization is led by unpaid volunteers, or that executive compensation is reported in a different section of the IRS 990 not detailed in this summary, warranting further investigation for full transparency.
Filing History
IRS 990 filing history for Downstate Technology Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downstate Technology Center Inc's revenue has grown by 147.6%, moving from $1.1M to $2.7M. Total assets increased by 2097.3% over the same period, from $184K to $4.0M. Total functional expenses rose by 70.2%, from $1.2M to $2.1M. In its most recent filing year (2023), Downstate Technology Center Inc reported a surplus of $599K, with revenue exceeding expenses. The organization holds $773K in liabilities against $4.0M in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.1M | $4.0M | $773K | — | — |
| 2022 | $2.6M | $2.1M | $3.5M | $830K | — | View 990 |
| 2021 | $2.3M | $2.0M | $3.2M | $997K | — | View 990 |
| 2020 | $1.9M | $1.7M | $3.0M | $1.1M | — | View 990 |
| 2019 | $2.5M | $1.8M | $2.5M | $866K | — | View 990 |
| 2018 | $2.9M | $1.7M | $1.8M | $805K | — | View 990 |
| 2017 | $1.8M | $1.7M | $1.0M | $1.3M | — | View 990 |
| 2016 | $2.6M | $1.3M | $634K | $941K | — | View 990 |
| 2015 | $725K | $1.1M | $329K | $1.9M | — | View 990 |
| 2014 | $2.6M | $1.1M | $291K | $1.5M | — | View 990 |
| 2013 | $1.0M | $1.0M | $308K | $3.0M | — | View 990 |
| 2012 | $1.2M | $1.1M | $424K | $3.1M | — | View 990 |
| 2011 | $1.1M | $1.2M | $184K | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.1M, and assets of $4.0M (revenue +2.7% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.1M, and assets of $3.5M (revenue +16.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.0M, and assets of $3.2M (revenue +19.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $3.0M (revenue -25.1% year-over-year).
- 2019: Revenue of $2.5M, expenses of $1.8M, and assets of $2.5M (revenue -11.5% year-over-year).
- 2018: Revenue of $2.9M, expenses of $1.7M, and assets of $1.8M (revenue +63.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $1.0M (revenue -31.6% year-over-year).
- 2016: Revenue of $2.6M, expenses of $1.3M, and assets of $634K (revenue +253.2% year-over-year).
- 2015: Revenue of $725K, expenses of $1.1M, and assets of $329K (revenue -71.6% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.1M, and assets of $291K (revenue +153.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $308K (revenue -12.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $424K (revenue +5.6% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $184K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downstate Technology Center Inc:
Data Sources and Methodology
This transparency report for Downstate Technology Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.