Towle Institute

Analysis

Towle Institute is a registered charity in United States, based in Hockessin, DE. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Towle Institute reported income of $99k and spending of $112k, spending 114% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $112k to $99k (-12%), an average of -12% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Towle Institute sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within DE. Charities of a similar size with the same main cause include Northwest Interscholastic Activities Association ($99k), Lindbergh Lacrosse Club ($99k) and Friends of Kaf Hachaim Institute Inc ($99k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $1,366, net assets of $42k.