Philadelphia Technician Training Inc

Analysis

Philadelphia Technician Training Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2011, 15 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, Philadelphia Technician Training Inc reported income of $10.4m and spending of $9.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $10.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Technician Training Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Alliance for Progress Charter School Inc ($10.4m), Trinity Academy Incorporated ($10.5m) and Harmony Hill School Inc ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $9.8m against liabilities of $3.5m, net assets of $6.3m.