Pittsburgh Institute of Aeronautics

Analysis

Pittsburgh Institute of Aeronautics is a registered charity in United States, based in West Mifflin, PA. It received its IRS tax-exemption ruling in February 1946, 80 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, Pittsburgh Institute of Aeronautics reported income of $13.6m and spending of $12.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.7m to $13.6m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pittsburgh Institute of Aeronautics sits at the 95th percentile: it is larger than about 95% 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 Valere Public Schools Inc ($13.6m), Urban Youth Alliance International ($13.6m) and Bradshaw Christian School ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $592k (4.9% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $30.0m against liabilities of $11.8m, net assets of $18.1m. It reported 130 employees.