Institute of Technology Andacademics

Analysis

Institute of Technology Andacademics is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Institute of Technology Andacademics reported income of $3.4m and spending of $3.7m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.4m (+25%), an average of +5.8% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute of Technology Andacademics sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Legacy Christian School Inc ($3.4m), Aca Education Services ($3.4m) and Brazos River School ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $125k (3.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.6m against liabilities of $8.1m, net assets of $497k. It reported 79 employees.