Institute of Transportation Engineers Inc

Analysis

Institute of Transportation Engineers Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1949, 77 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 of Transportation Engineers Inc reported income of $8.3m and spending of $7.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $8.3m (+21%), an average of +4.9% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute of Transportation Engineers Inc 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 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Childrens Museum of Pittsburgh ($8.3m), Anchorage Museum Foundation ($8.3m) and Alabama Educational Television Foundation Authority ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $606k (7.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $18.4m against liabilities of $12.1m, net assets of $6.3m. It reported 27 employees.