Institute for Safer Trucking

Analysis

Institute for Safer Trucking is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Institute for Safer Trucking reported income of $856k and spending of $286k, leaving 67% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $535k to $856k (+60%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 157%. Over the whole period it spent 66% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Institute for Safer Trucking sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 52nd percentile within DC. Charities of a similar size with the same main cause include Institute for Safety in Powerline Construction Inc ($855k), Neptune Hose Co No 1 Inc ($858k) and Southern Area Fire and Emergency Rescue ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $200k. At year end it held assets of $710k against liabilities of $14k, net assets of $695k. It reported 3 employees.