Mission
Pittsburgh Technical College (PTC) is closing its doors after years of facing financial challenges exacerbated by declining enrollment and market pressures. Its mission has been to provide educational access to students, ensuring they have pathways to complete their education through strategic teach-out agreements with other colleges.
Basic Information
Founded in
2015
EIN
81-0903939
Total Assets
$44.53 million
At a Glance
Closure Announcement
Pittsburgh Technical College has announced its closure effective August 9, 2024.
Commencement 2024
PTC will host a Commencement ceremony for graduating students on June 22, 2024.
Teach-Out Agreements
PTC has arranged teach-out agreements with multiple institutions to assist current students.
Impact Stats
Debt Reduced
Debt Reduction
Successfully reduced PTC's debt by $10 million.
Past Events
Graduation Ceremony 2023
2023-06-22
PTC hosted a graduation ceremony for its Class of 2023.
Upcoming Events
Commencement Ceremony 2024
2024-06-22
Pittsburgh Technical College will hold its Commencement ceremony for graduates.
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
64
18
/100
Program Expense Ratio
69.25%
8
/20
Program Revenue Growth
-16.95%
2
/20
Leverage Ratio
0.9426
4
/20
Working Capital Ratio
0.08011
2
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 1.929M | 8.08% |
| Program Services | 18.24M | 76.43% |
| Investment Income | 478.7K | 2.01% |
| Sales of Non-Inventory Assets | 44.7K | 0.19% |
| Other Notable Sources | 3.132M | 13.12% |
| Total Revenue | 23.87M | 100.00% |