Manufacturers Talent Institute Inc

Analysis

Manufacturers Talent Institute Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Manufacturers Talent Institute Inc reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $3.0m (+154%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manufacturers Talent Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include American Civil Liberties Union of Missouri Foundation ($3.0m), Connections Work ($3.0m) and Mount St Joseph Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $309k (10% of expenses). Other salaries and wages came to $787k. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $525k. It reported 20 employees.