Precision Metalforming Association Educational Foundation

Analysis

Precision Metalforming Association Educational Foundation is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in November 1981, 45 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Precision Metalforming Association Educational Foundation reported income of $180k and spending of $175k, spending 97% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $612k to $180k (-71%), an average of -22% a year. The sharpest change came in the year to March 2022, when income rose by 248%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Precision Metalforming Association Educational Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Christmas Light Up Celebration Inc ($180k), Base Academy of Music ($180k) and I Am the Art Foundation ($180k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 23% of the total. Compensation of current officers, directors and key employees was $29k (17% of expenses). At year end it held assets of $2.4m against liabilities of $7,166, net assets of $2.4m.