Iyrs School of Technology & Trades

Analysis

Iyrs School of Technology & Trades is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in August 1993, 33 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iyrs School of Technology & Trades reported income of $4.8m and spending of $5.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.8m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iyrs School of Technology & Trades sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Leahy Center for Lake Champlain Inc ($4.8m), Institute for Security and Technology ($4.8m) and The Book Arts Press Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $482k (8.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $23.2m against liabilities of $2.9m, net assets of $20.3m. It reported 37 employees.