National Institute Forpharmaceutical Technology and Educa

Analysis

National Institute Forpharmaceutical Technology and Educa is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Institute Forpharmaceutical Technology and Educa reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.5m (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 54%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, National Institute Forpharmaceutical Technology and Educa sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include New Hope Charities Inc ($1.5m), Alexander and Eva Nemeth Foundation Inc ($1.5m) and The Giving Circle ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $1.4m against liabilities of $763k, net assets of $605k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.