Trade Institute of Pittsburgh

Analysis

Trade Institute of Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover employment, 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 December 2023, Trade Institute of Pittsburgh reported income of $3.1m and spending of $1.5m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trade Institute of Pittsburgh sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Community League of the Heights Inc ($3.1m), Alaska Community Development Corp ($3.1m) and Rehabilitation & Vocational Education Program Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $222k (15% of expenses). Other salaries and wages came to $478k. At year end it held assets of $4.7m against liabilities of $614k, net assets of $4.1m. It reported 20 employees.