Higher Institute of Arts and Technology Inc

Analysis

Higher Institute of Arts and Technology Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in August 2014, 12 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, Higher Institute of Arts and Technology Inc reported income of $3.4m and spending of $3.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.4m (+107%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Higher Institute of Arts and Technology Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Western Colorado Healthcare Alliance ($3.4m), Agathos School of Columbia ($3.4m) and Capo Beach Christian School ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (3.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.2m against liabilities of $1.2m, net assets of -$30k. It reported 53 employees.