Pittsburgh Institute of Mortuary Science Inc

Analysis

Pittsburgh Institute of Mortuary Science Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 1968, 58 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 Mortuary Science Inc reported income of $4.4m and spending of $2.6m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 51% 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 Mortuary Science Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Central Community College Foundation Inc ($4.4m), Grace Academy ($4.4m) and Mexicayotl Academy of Excellence ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Other salaries and wages came to $913k. At year end it held assets of $26.3m against liabilities of $353k, net assets of $26.0m. It reported 26 employees.