Institute of Transportation Engineers Educational Foundation

Analysis

Institute of Transportation Engineers Educational Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 December 2023, Institute of Transportation Engineers Educational Foundation reported income of $376k and spending of $15k, leaving 96% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $376k (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 6.6% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Transportation Engineers Educational Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include American Real Estate Society ($376k), Chico Velo Cycling Club ($376k) and California Saca Foundation ($376k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.