Institute for Professionals in Taxation

Analysis

Institute for Professionals in Taxation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 for Professionals in Taxation reported income of $4.8m and spending of $4.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.8m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Professionals in Taxation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Arc Opportunities Inc ($4.8m), Elings Park Foundation ($4.8m) and Western Pennsylvania Operating Engineers & Joint Apprenticeship ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $371k (8.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $11.1m against liabilities of $590k, net assets of $10.5m. It reported 16 employees.