Machine Tool Technologies Research Foundation

Analysis

Machine Tool Technologies Research Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Machine Tool Technologies Research Foundation reported income of $274k and spending of $874k, spending 319% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $274k (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 238% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Machine Tool Technologies Research Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Association of Alumni and Friends of Dayalbagh Educational Institute ($274k), Van Alstyne Education Foundation Inc ($274k) and Center for Pharmaceutical Cleaning Innovation Corp ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $221k (25% of expenses). At year end it held assets of $6.7m against liabilities of $56k, net assets of $6.7m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.