Institute for Building Technology and Safety

Analysis

Institute for Building Technology and Safety is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in December 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute for Building Technology and Safety reported income of $37.6m and spending of $35.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.0m to $37.6m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Building Technology and Safety sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Goodwill Industries of the Heartland ($37.6m), United Community and Family Services Inc ($37.6m) and Norwell Visiting Nurse Assoc Inc ($37.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.0m (5.6% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $39.1m against liabilities of $14.4m, net assets of $24.7m. It reported 182 employees.