Association for Iron and Steel Technology

Analysis

Association for Iron and Steel Technology is a registered charity in United States, based in Warrendale, PA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Association for Iron and Steel Technology reported income of $12.3m and spending of $12.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $12.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association for Iron and Steel Technology sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Merrick Inc ($12.3m), Community Action Board of Santa Cruz County Inc ($12.3m) and Corporation for Public Management ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.2m (9.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $29.4m against liabilities of $5.9m, net assets of $23.4m. It reported 43 employees.