International Training Institute for the Sheet Metal & Ac Industry

Analysis

International Training Institute for the Sheet Metal & Ac Industry is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Training Institute for the Sheet Metal & Ac Industry reported income of $16.9m and spending of $13.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.8m to $16.9m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Training Institute for the Sheet Metal & Ac Industry sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Autistic Treatment Center Inc ($16.9m), Illinois Primary Health Care Association ($16.9m) and Ministry Health Care Inc ($16.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $709k (5.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $69.7m against liabilities of $356k, net assets of $69.3m. It reported 24 employees.