Pennsylvania Institue of Technology

Analysis

Pennsylvania Institue of Technology is a registered charity in United States, based in Media, PA. It received its IRS tax-exemption ruling in February 1976, 50 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, Pennsylvania Institue of Technology reported income of $13.3m and spending of $11.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $13.3m (+68%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsylvania Institue of Technology sits at the 95th percentile: it is larger than about 94% 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 Older Adults Technology Services Inc ($13.3m), Instituto Modelo Ensenanza Individualizada Inc ($13.3m) and All Saints Academy Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $531k (4.8% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $10.7m against liabilities of $458k, net assets of $10.3m. It reported 146 employees.