St Louis Regional Advanced Manufacturing Innovation Center

Analysis

St Louis Regional Advanced Manufacturing Innovation Center is a registered charity in United States, based in Clayton, MO. It received its IRS tax-exemption ruling in January 2023, 3 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 2023, St Louis Regional Advanced Manufacturing Innovation Center reported income of $1.3m and spending of $271k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $1.3m (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Louis Regional Advanced Manufacturing Innovation Center 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 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Blissfest Music Organization ($1.3m), Discovery Space of Centralpennsylvania Inc ($1.3m) and Downtown Arts District Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $90k (33% of expenses). Other salaries and wages came to $153k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 3 employees.