Business Training Institute Inc

Analysis

Business Training Institute Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Business Training Institute Inc reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.1m (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Business Training Institute Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Puget Sound Community School ($1.1m), Nerve Inc-Hpd ($1.1m) and Aid for AIDS of Nevada Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $295k (26% of expenses). Other salaries and wages came to $544k. At year end it held assets of $259k against liabilities of $73k, net assets of $186k. It reported 137 employees.