Skip to main content
NonprofitTruth
Education · 2023 Form 990

Indiana Institute Of Technology Inc: $87.2M Revenue, $94.7M Expenses

Fort Wayne, Indiana · EIN 350845258 · Filing year 2023

Indiana Institute Of Technology Inc reported $87.2M in total revenue, $94.7M in total expenses, and $320.8M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.6M (1.87% of revenue). NonprofitTruth efficiency grade: D (48/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
D
Efficiency Score
48/100

Key Facts (2023 Form 990)

Total Revenue
$87.2M
Total Expenses
$94.7M
Total Assets
$320.8M
Reserve Months
40.6 months
Surplus / (Deficit)
$-7,544,155
EIN
350845258
Latest 990 Year
2023
Current-Officer Compensation
$1.6M
Officer Comp % of Revenue
1.87%

Indiana Institute Of Technology Inc pulls a D on the efficiency rubric. The composite of 48/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Indiana Institute Of Technology Inc reported $87.2M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the financial-health factor, Indiana Institute Of Technology Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Indiana Institute Of Technology Inc reports $1.6M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $87.2M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Indiana Institute Of Technology Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$87.2M
Revenue
$94.7M
Expenses
$320.8M
Total Assets
$1.6M
Officer Compensation

How Indiana Institute Of Technology Inc Compares

Indiana Institute Of Technology Inc earns a NonprofitTruth efficiency grade of D (48/100). That is 16 points below the Education category average. Compensation for current officers and key employees represents 1.87% of total revenue. The organization holds 40.6 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$94.7M
Total Expenses
Filing year 2023
$1.6M
Officer Compensation
1.87% of revenue
40.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Indiana Institute Of Technology Inc reported $87.2M in revenue against $94.7M in total functional expenses for filing year 2023, holding roughly 40.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $1.6M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.87% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

Get Indiana Institute Of Technology Inc's next Form 990 grade

Subscribe for NonprofitTruth updates by email. No spam, unsubscribe anytime.


Indiana Institute Of Technology Inc has a NonprofitTruth Efficiency Score of D (48/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Indiana Institute Of Technology Inc, Donor FAQ

Indiana Institute Of Technology Inc has a NonprofitTruth Efficiency Score of D (48/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Indiana Institute Of Technology Inc reports $1.6M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.87% of the organization's $87.2M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Indiana Institute Of Technology Inc reported $87.2M in annual revenue and $94.7M in total expenses for filing year 2023. The organization holds $320.8M in total assets.

Indiana Institute Of Technology Inc holds approximately 40.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.

Indiana Institute Of Technology Inc is a registered 501(c) organization with EIN 350845258, based in Fort Wayne, Indiana. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.