International Transportation Innovation Center

Analysis

International Transportation Innovation Center is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, International Transportation Innovation Center reported income of $2.5m and spending of $1.3m, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $607k to $2.5m (+309%), an average of +42% a year. The sharpest change came in the year to September 2022, when income rose by 151%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Transportation Innovation Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Plumbers & Steamfitters Local 267 ($2.5m), Neighborspace ($2.5m) and Life Sciences Greenhouse of Central Pennsylvania ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $212k (16% of expenses). Other salaries and wages came to $110k. At year end it held assets of $16.8m against liabilities of $14.3m, net assets of $2.5m. It reported 1 employees.