Accreditation Board for Engineering and Technology Inc

Analysis

Accreditation Board for Engineering and Technology Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Accreditation Board for Engineering and Technology Inc reported income of $14.6m and spending of $13.8m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.8m to $14.6m (+14%), an average of +3.4% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Accreditation Board for Engineering and Technology Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Unidel Foundation Inc ($14.6m), Providence Christian Academy Inc ($14.6m) and Fulton Science Academy Private School Inc ($14.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (9.1% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $26.2m against liabilities of $7.8m, net assets of $18.3m. It reported 41 employees.