Institute for Responsible Technology

Analysis

Institute for Responsible Technology is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in January 2012, 14 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 (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 Responsible Technology reported income of $379k and spending of $669k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $403k to $379k (-6.1%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Responsible Technology sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include Nutcracker of Middle Georgia Inc ($379k), Theater Reaching Young People & Schools Inc ($379k) and Future Heights ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $115k (17% of expenses). Other salaries and wages came to $80k. At year end it held assets of $52k against liabilities of $765k, net assets of -$713k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.