American Institute of Baking

Analysis

American Institute of Baking is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in October 1924, 102 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 2023, American Institute of Baking reported income of $1.2m and spending of $2.6m, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.2m (-62%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Institute of Baking sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Montessori Education Trust Inc ($1.2m), Marshall Christian Academy Inc ($1.2m) and San Miguel Academy of Newburgh ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 0.7% of the total. At year end it held assets of $44.7m against liabilities of $12.8m, net assets of $31.9m.