The Travel Institute

Analysis

The Travel Institute is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, The Travel Institute reported income of $1.8m and spending of $1.5m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Travel Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Optim-All Services Inc ($1.8m), Kids Care Elementary ($1.8m) and New Learning Ventures Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $149k (10% of expenses). Other salaries and wages came to $405k. At year end it held assets of $1.1m against liabilities of $207k, net assets of $873k. It reported 6 employees.