Design Management Institute Inc

Analysis

Design Management Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Design Management Institute Inc reported income of $322k and spending of $473k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $712k to $322k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Design Management Institute Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Manilatown Heritage Foundation ($322k), Moroccan American Association of Columbus ($322k) and Na Ohana O Na Hui Waa Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $167k (35% of expenses). Other salaries and wages came to $94k. At year end it held assets of $63k against liabilities of $212k, net assets of -$149k. It reported 2 employees.