Ohio Energy and Advanced Manufacturing Center Inc

Analysis

Ohio Energy and Advanced Manufacturing Center Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Ohio Energy and Advanced Manufacturing Center Inc reported income of $248k and spending of $187k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $248k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 1000%. Over the whole period it spent 180% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ohio Energy and Advanced Manufacturing Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Redemption Outreach Services Inc ($248k), Downtown Downey Improvement Association ($248k) and Northeastern Economic Development Company of Pa CDC Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.5m against liabilities of $550k, net assets of $2.0m.