Atu Training and Education Center Inc

Analysis

Atu Training and Education Center Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in December 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Atu Training and Education Center Inc reported income of $1.2m and spending of $5.5m, spending 465% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $1.2m (-73%), an average of -28% a year. The sharpest change came in the year to June 2021, when income dropped by 74%. Over the whole period it spent 325% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Atu Training and Education Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Physician Assistant Foundation of the American Academy of Physician ($1.2m), Preferred Properties Inc ($1.2m) and Tri-County Economic Development Charitable Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 0.5% of the total. Other salaries and wages came to $719k. At year end it held assets of $33.7m against liabilities of $64.6m, net assets of -$30.9m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.