The Institute For Technology In Health Care
- Assets
- $28.1m
- Revenue
- $25.6m
- Investments
- $20.4m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 52-1292049
Organization Overview
The Institute For Technology In Health Care is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Technology In Health Care is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Institute For Technology In Health Care generated $25.6m in total revenue. All expenses for the organization totaled $510.6k during the year ending 12/2021. While expenses have increased by 19.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute For Technology In Health Care has awarded 30 individual grants totaling $1,068,864. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,131,849 |
| Interest on Savings | $49 |
| Dividends & Interest | $560,720 |
| Net Rental Income | $15,261 |
| Net Gain on Sale of Assets | -$209,523 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,606,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,038 |
| Depreciation | $53,623 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104,492 |
| Total operating and administrative expenses | $238,076 |
| Contributions, gifts, grants paid | $272,556 |
| Total expenses and disbursements | $510,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3 |
| Savings and temporary cash investments | $476,626 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,173 |
| Net Investments - land, buildings, equipment | $7,186,584 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,422 |
| Total assets | $28,116,082 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Institute For Technology In Health Care has awarded $272,556 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KINGDOM GLOBAL COMMUNITY DEVELOPMENT CORP PURPOSE: SUPPORT CHARITABLE PROGRAMS. | $80,000 |
ESCUELA AGRICOLA PAN-AMERICANA INC (ZAMORANO UNIVERSITY) PURPOSE: SUPPORT CHARITABLE PROGRAMS. | $54,000 |
THE CATHOLIC UNIVERSITY OF AMERICA CONWAY SCHOOL OF NURSING PURPOSE: SUPPORT CHARITABLE PROGRAMS. | $48,740 |
Ludlow, MA PURPOSE: SUPPORT CHARITABLE PROGRAMS. | $44,616 |
Washington, DC PURPOSE: SUPPORT CHARITABLE PROGRAMS. | $42,000 |
Midlothian, VA PURPOSE: SUPPORT CHARITABLE PROGRAMS. | $3,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upper Chesapeake Medical Services Inc Bel Air, MD | $8,746,734 | $70,856,263 |
National Committee For Quality Assurance Washington, DC | $157,584,366 | $98,616,924 |
Evms Academic Physicians And Surgeons Health Services Foundatio Norfolk, VA | $38,048,783 | $80,545,238 |
Mercy Health Services Inc Baltimore, MD | $50,989,055 | $61,018,770 |
University Of Maryland Physicians Pa Baltimore, MD | $12,108,833 | $55,990,140 |
Univ Of Md Pathology Associates P A Baltimore, MD | $30,576,725 | $62,462,999 |
Total Health Care Inc Baltimore, MD | $37,031,323 | $48,696,719 |
University Of Maryland Diagnostic Imaging Specialists P A Baltimore, MD | $14,549,519 | $34,682,952 |
University Of Maryland Anesthesiology Associates P A Baltimore, MD | $15,602,905 | $24,321,294 |
University Of Maryland Radiation Oncology Associates P A Baltimore, MD | $6,659,518 | $17,091,961 |
Dentistry Vcu Richmond, VA | $25,164,029 | $20,569,045 |
Maryland General Clinical Practice Group Inc Baltimore, MD | $4,474,380 | $9,052,211 |