Advanced Technology International

Analysis

Advanced Technology International is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in October 1998, 28 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 September 2023, Advanced Technology International reported income of $4.26bn and spending of $4.29bn, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.09bn to $4.26bn (+104%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 132%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Advanced Technology International sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SC. Charities of a similar size with the same main cause include The Mitre Corporation ($2.37bn), Battelle Memorial Institute ($12.46bn) and Smithsonian Institute ($1.88bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5.3m (0.1% of expenses). Other salaries and wages came to $30.6m. At year end it held assets of $1.81bn against liabilities of $1.75bn, net assets of $59.8m. It reported 391 employees.