Institute Of Technology Andacademics
Institute Of Technology Andacademics shows consistent revenue growth but recent operating deficits and high liabilities.
EIN: 208488048 · Milwaukee, WI · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $3.7M |
| Program Spending | 80% |
| Net Assets | $497K |
| Transparency Score | 75/100 |
Is Institute Of Technology Andacademics Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute Of Technology Andacademics directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute Of Technology Andacademics
Institute Of Technology Andacademics (EIN: 208488048) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code B24. The organization reported total revenue of $4.1M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Technology Andacademics's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Technology Andacademics is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-297,871 |
| Total Assets | $8.6M |
| Total Liabilities | $8.1M |
| Net Assets | $497K |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 94.2% |
| Months of Reserves | 28.2 months |
Financial Health Grade: C
In 2023, Institute Of Technology Andacademics reported a deficit of $298K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 94.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute Of Technology Andacademics's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +9.7% | +166.3% |
| 2022 | +4.5% | +38.9% | +74.3% |
| 2021 | +6.8% | -8.9% | +28.6% |
| 2020 | +2.0% | +5.1% | +88.0% |
| 2019 | +9.3% | +9.5% | +71.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Institute Of Technology Andacademics with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Institute Of Technology Andacademics allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $298K, with expenses exceeding revenue.
- Debt-to-asset ratio: 94.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly favorable for directing resources to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Institute Of Technology Andacademics's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202306 and 202206).
- Dramatic increase in liabilities from $2,429,448 in 202206 to $8,101,711 in 202306.
- Liabilities in 202306 ($8,101,711) are very close to total assets ($8,598,535), indicating high financial leverage.
- Expenses exceeding revenue in the latest two reported periods.
Strengths
The following positive indicators were identified for Institute Of Technology Andacademics:
- Consistent revenue growth over the past decade, from $1,753,418 in 201406 to $3,365,773 in 202306.
- Significant asset growth, reaching $8,463,429.
- 0% officer compensation reported across all filings, indicating strong commitment to mission-focused spending.
- Long history of IRS 990 filings (13 filings), suggesting transparency and compliance.
Frequently Asked Questions about Institute Of Technology Andacademics
Is Institute Of Technology Andacademics a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute Of Technology Andacademics (EIN: 208488048) some concerns. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.
How does Institute Of Technology Andacademics spend its money?
Institute Of Technology Andacademics directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute Of Technology Andacademics tax-deductible?
Institute Of Technology Andacademics is registered as a tax-exempt nonprofit (EIN: 208488048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Institute Of Technology Andacademics's spending goes to programs?
Institute Of Technology Andacademics directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Institute Of Technology Andacademics compare to similar nonprofits?
With a transparency score of 75/100 (Good), Institute Of Technology Andacademics is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute Of Technology Andacademics located?
Institute Of Technology Andacademics is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 208488048. It is classified under NTEE code B24.
How many years of IRS 990 filings does Institute Of Technology Andacademics have?
Institute Of Technology Andacademics has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.1M in total revenue.
Is Institute Of Technology Andacademics a good charity?
The organization demonstrates strong growth in revenue and assets, and a commendable 0% officer compensation. However, recent operating deficits and a substantial increase in liabilities, reaching $8,101,711 in 202306, suggest potential financial challenges that warrant further scrutiny before a definitive 'good' rating can be given.
What is driving the recent operating deficits?
In 202306, expenses ($3,663,644) exceeded revenue ($3,365,773) by $297,871. Similarly, in 202206, expenses ($3,338,316) exceeded revenue ($3,054,131) by $284,185. The specific causes of these deficits would require a deeper dive into the detailed expense categories within the 990 filings.
Why have liabilities increased so dramatically?
Liabilities have surged from $2,429,448 in 202206 to $8,101,711 in 202306. This significant increase of over $5.6 million in a single year is a major concern and could be due to new debt, deferred revenue, or other obligations. Understanding the nature of these liabilities is crucial for assessing financial risk.
How sustainable is the organization's financial model given the recent deficits?
While the organization has grown its assets to $8,463,429, sustained operating deficits, as seen in 202306 and 202206, are not sustainable long-term without drawing down reserves or incurring more debt. The organization needs to address the gap between its revenues and expenses.
What is the organization's strategy for managing its high liabilities?
With liabilities at $8,101,711 in 202306, which are nearly equal to its total assets of $8,598,535 in the same period, the organization faces significant financial leverage. The strategy for managing and reducing these liabilities would be a key indicator of its financial health and stability.
Filing History
IRS 990 filing history for Institute Of Technology Andacademics showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute Of Technology Andacademics's revenue has grown by 132.9%, moving from $1.4M to $3.4M. Total assets increased by 3113.4% over the same period, from $268K to $8.6M. Total functional expenses rose by 136.8%, from $1.5M to $3.7M. In its most recent filing year (2023), Institute Of Technology Andacademics reported a deficit of $298K, with expenses exceeding revenue. The organization holds $8.1M in liabilities against $8.6M in assets (debt-to-asset ratio: 94.2%), resulting in net assets of $497K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.7M | $8.6M | $8.1M | — | View 990 |
| 2022 | $3.1M | $3.3M | $3.2M | $2.4M | — | View 990 |
| 2021 | $2.9M | $2.4M | $1.9M | $758K | — | — |
| 2020 | $2.7M | $2.6M | $1.4M | $867K | — | View 990 |
| 2019 | $2.7M | $2.5M | $766K | $290K | — | View 990 |
| 2018 | $2.5M | $2.3M | $447K | $143K | — | — |
| 2017 | $2.1M | $2.0M | $377K | $236K | — | View 990 |
| 2016 | $2.1M | $2.0M | $353K | $296K | — | View 990 |
| 2015 | $1.9M | $1.9M | $143K | $182K | — | View 990 |
| 2014 | $1.8M | $1.8M | $177K | $204K | — | View 990 |
| 2013 | $1.8M | $1.8M | $224K | $223K | — | View 990 |
| 2012 | $1.8M | $1.7M | $233K | $228K | — | View 990 |
| 2011 | $1.4M | $1.5M | $268K | $348K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.7M, and assets of $8.6M (revenue +10.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.3M, and assets of $3.2M (revenue +4.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.4M, and assets of $1.9M (revenue +6.8% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.6M, and assets of $1.4M (revenue +2.0% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.5M, and assets of $766K (revenue +9.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.3M, and assets of $447K (revenue +15.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.0M, and assets of $377K (revenue +2.5% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $353K (revenue +9.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $143K (revenue +8.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $177K (revenue -3.2% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $224K (revenue -1.4% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $233K (revenue +27.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $268K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Technology Andacademics:
Data Sources and Methodology
This transparency report for Institute Of Technology Andacademics is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.