Practicing Institute of Engineering

Analysis

Practicing Institute of Engineering is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 June 2023, Practicing Institute of Engineering reported income of $135k and spending of $118k, spending 87% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $105k to $135k (+29%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Practicing Institute of Engineering sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Friends of Florence Inc ($135k), Connecticut Architecture Foundation Inc ($135k) and The University of Hawaii Alumni Association ($135k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $279k against liabilities of $71, net assets of $278k.