Emerging Industries Training Institute Inc

Analysis

Emerging Industries Training Institute Inc is a registered charity in United States, based in Detriot, MI. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2022, Emerging Industries Training Institute Inc reported income of $990k and spending of $974k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $450k to $990k (+120%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Emerging Industries Training Institute Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Stepping Stones Preschool Ltd ($990k), Ask Academy Education Foundation ($990k) and Lighthouse Christian School ($989k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $101k (10% of expenses). Other salaries and wages came to $35k. At year end it held assets of $414k against liabilities of $0, net assets of $414k.