Institute Foundation Inc

Analysis

Institute Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Institute Foundation Inc reported income of $3.0m and spending of $2.7m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.4m to $3.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to July 2023, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Learning Center at Pipers Hill Inc ($3.0m), Duke Allmo Services Inc ($3.0m) and Daraja Education Fund ($3.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $134k (4.9% of expenses). Other salaries and wages came to $802k. At year end it held assets of $1.5m against liabilities of $892k, net assets of $608k. It reported 64 employees.