Cast Metals Institute

Analysis

Cast Metals Institute is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cast Metals Institute reported income of $541k and spending of $656k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $887k to $541k (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cast Metals Institute sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Chicago Loop Alliance Foundation ($541k), Georgia College Alumni Association Inc ($541k) and Friends of Columbia Secondary School for Math Science and ($541k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 73% of the total. Other salaries and wages came to $219k. At year end it held assets of $7.7m against liabilities of $152k, net assets of $7.6m.