Asm Materials Education Foundation

Analysis

Asm Materials Education Foundation is a registered charity in United States, based in Novelty, OH. It received its IRS tax-exemption ruling in April 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Asm Materials Education Foundation reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.8m (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asm Materials Education Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Iisc Foundation ($1.8m), Orange County Community College Association Inc ($1.8m) and Clarke Pennsylvania Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $396k. At year end it held assets of $16.6m against liabilities of $205k, net assets of $16.4m.