Imec USA Nanoelectronics Design Center

Analysis

Imec USA Nanoelectronics Design Center is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in July 2018, 8 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 December 2022, Imec USA Nanoelectronics Design Center reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $5.6m to $3.5m (-38%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Imec USA Nanoelectronics Design Center sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Allentown Art Museum ($3.5m), Riverbank Youth Theatre ($3.5m) and Self-Help Graphics and Arts Inc ($3.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $224k (6.5% of expenses). Other salaries and wages came to $918k. At year end it held assets of $7.2m against liabilities of $7.2m, net assets of $0. It reported 21 employees.