Institute for Applied Tinkering

Analysis

Institute for Applied Tinkering is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Institute for Applied Tinkering reported income of $5.5m and spending of $6.1m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.6m to $5.5m (+53%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Institute for Applied Tinkering sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Gro Community ($5.5m), Childrens Funding Project ($5.6m) and Girl Scouts of the Green and White Mountains ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $474k (7.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.4m against liabilities of $10.6m, net assets of -$166k. It reported 59 employees.