Indiana Institute of Technology Inc

Analysis

Indiana Institute of Technology Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 1949, 77 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, Indiana Institute of Technology Inc reported income of $87.2m and spending of $94.7m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $97.3m to $87.2m (-10%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Institute of Technology Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Alma College ($87.0m), Child Development Resources of Ventura County Inc ($87.6m) and Avid Center ($86.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.6m (1.7% of expenses). Other salaries and wages came to $23.5m. It paid $140k in professional fundraising fees. At year end it held assets of $320.8m against liabilities of $48.8m, net assets of $272.0m. It reported 1,042 employees.