63
Frederick Innovative Technology Center Inc
Community Development · Frederick, Maryland
4539 Metropolitan Ct, Frederick, MD 21704-9452
EIN: 201262262· Founded: Nov 2006· 20 years active· Filing Year: 2023
Annual Revenue
$1.6M
Total Expenses
$1.1M
Total Assets
$2.9M
Program Spending
61%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$168K
15.2% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$190K
Total Payroll
$358K
32% of total expenses
Where the Money Goes
61%
Programs: 61%
Payroll: 32%
Other overhead: 39%
Program Revenue$675K (41%)
Total Expenses$1.1M (67%)
Payroll$358K (32%)
Overhead (non-program)39%
Trust Score Breakdown
Program Spending Ratio
61% of expenses go to programs
Revenue & Stability
$1.6M annual revenue
Executive Compensation
$168K total officer comp (15.2% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$2.9M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.