#982of 1,000 in 2025

Frederick Innovative Technology Center I

Location
Frederick, Maryland
Sector
Community improvement
Founded
2004
Website
fitci.org
220%Three-year growth, FY2022 to FY2025
$2.5MFY2025 revenue
9Employees, FY2025
#55of 56 in Community improvement
#19of 20 in Maryland

Revenue by fiscal year

FY2022: $794,021 $794K FY22 FY2023: $1,577,294 $1.6M FY23 FY2024: $6,949,927 $6.9M FY24 FY2025: $2,540,245 $2.5M FY25

We count pledges when the cash is received, not when they’re promised, so these numbers differ from Frederick Innovative Technology Center I’s 990. How we count pledges

Where revenue came from, FY2025

Program revenue
$953K · 38%
Government grants
$809K · 32%
Gifts and grants
$773K · 30%
Other revenue
$5K · 0%
Total revenue on the 990
$1,955,696
Investment income
− $1,957
Donated goods and property
− $74,967
Pledge payments received this year, promised in an earlier year
+ $661,473
Revenue we count
$2,540,245

What it does

To foster entrepreneurial activity in the information technology and life science industries within frederick county, maryland.

Provides furnished offices and wet labs equipped with high-speed internet, telephones, and administrative services, supporting clients employing nearly a hundred people at any given time.

Leadership

Kathie Callahan BradyPresident/CEO

EIN 20-1262262 · Full filings on ProPublica

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