International Technological University Foundation

Analysis

International Technological University Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in March 1986, 40 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 2022, International Technological University Foundation reported income of $3.7m and spending of $3.6m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $6.8m to $3.7m (-46%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 41%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Technological University Foundation 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 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Westhampton Free Library ($3.7m), Kaleidoscope School ($3.7m) and Palmetto Academy of Learning and Success Inc ($3.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 31% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $431k (12% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.3m against liabilities of $1.3m, net assets of $970k. It reported 44 employees.