Institute for Security and Technology

Analysis

Institute for Security and Technology is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Institute for Security and Technology reported income of $4.8m and spending of $2.4m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $4.8m (+889%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 202%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Security and Technology sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Iyrs School of Technology & Trades ($4.8m), Asia Pacific Cultural Center ($4.8m) and Leahy Center for Lake Champlain Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $510k (21% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $2,379, net assets of $5.3m. It reported 21 employees.