Pittsburgh Technical Institute Inc

Analysis

Pittsburgh Technical Institute Inc is a registered charity in United States, based in Oakdale, PA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pittsburgh Technical Institute Inc reported income of $23.9m and spending of $31.9m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $37.0m to $23.9m (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pittsburgh Technical Institute Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Auxiliary Services Corporation of Suny Cortland ($23.9m), Little Rock Christian Academy Inc ($23.9m) and Capstone Education Group Inc ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.1% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $547k (1.7% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $44.5m against liabilities of $42.0m, net assets of $2.6m. It reported 242 employees.