Air-Conditioning Heating and Refrigeration Technology Institute

Analysis

Air-Conditioning Heating and Refrigeration Technology Institute is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Air-Conditioning Heating and Refrigeration Technology Institute reported income of $770k and spending of $264k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $534k to $770k (+44%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 413%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Air-Conditioning Heating and Refrigeration Technology Institute sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include California Community Colleges Chief Information System Officers Associ ($770k), Indigenous Educational Institute Inc ($770k) and Montessori Childrens Academy Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Other salaries and wages came to $36k. At year end it held assets of $372k against liabilities of $29k, net assets of $343k.