American Society for Technion- Israel Institute of Technology Inc

Analysis

American Society for Technion- Israel Institute of Technology Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1956, 70 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, American Society for Technion- Israel Institute of Technology Inc reported income of $86.4m and spending of $92.0m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $102.1m to $86.4m (-15%), an average of -4.1% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Society for Technion- Israel Institute of Technology Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Birthright Israel Foundation ($85.5m), Carnegie Endowment for International Peace ($86.8m) and American Friends of the Hebrew University Inc ($84.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $2.5m (2.7% of expenses). Other salaries and wages came to $8.1m. It paid $311k in professional fundraising fees. At year end it held assets of $603.1m against liabilities of $45.5m, net assets of $557.6m. It reported 75 employees.