Alliance for Manufacturing & Technology of Southern Tier Inc

Analysis

Alliance for Manufacturing & Technology of Southern Tier Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Alliance for Manufacturing & Technology of Southern Tier Inc reported income of $2.1m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $2.1m (+74%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alliance for Manufacturing & Technology of Southern Tier Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Ridc Mill 19a ($2.1m), Foothills Industries of McDowell County Inc ($2.1m) and Womens Foundation of Arkansas ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $182k (8.3% of expenses). Other salaries and wages came to $957k. At year end it held assets of $2.4m against liabilities of $239k, net assets of $2.2m. It reported 9 employees.