Don Bosco Technical Institute

Analysis

Don Bosco Technical Institute is a registered charity in United States, based in Rosemead, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Don Bosco Technical Institute reported income of $10.2m and spending of $8.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $10.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Don Bosco Technical Institute sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Bristol Adult Resource Center Inc ($10.2m), Mastery Charter School John Wister Campus ($10.2m) and Cayuga-Seneca Community Action Agency Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $159k (1.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $19.6m against liabilities of $1.1m, net assets of $18.5m. It reported 128 employees.