North American Society for Trenchless Technology

Analysis

North American Society for Trenchless Technology is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, North American Society for Trenchless Technology reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 6 years on record, from December 2018 to June 2023, income grew from $2.3m to $2.6m (+12%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North American Society for Trenchless Technology sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Heartland Industries Incorporated ($2.6m), Institute for Advanced Learning and Research Foundation ($2.6m) and Free the Work ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $172k (6.6% of expenses). Other salaries and wages came to $450k. At year end it held assets of $2.2m against liabilities of $842k, net assets of $1.4m. It reported 8 employees.