National Advanced Mobility Consortium

Analysis

National Advanced Mobility Consortium is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, National Advanced Mobility Consortium reported income of $164.4m and spending of $162.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $147.4m to $164.4m (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2023, when income rose by 60%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Advanced Mobility Consortium sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Internet Corporation for Assigned Names and Numbers ($163.7m), Henry E Huntington Library & Art Gallery ($168.0m) and American Society of Mechanical Engineers ($160.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $311k (0.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $38.5m against liabilities of $27.7m, net assets of $10.8m. It reported 13 employees.