National Association for the Exchange of Industrial Resources I

Analysis

National Association for the Exchange of Industrial Resources I is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, National Association for the Exchange of Industrial Resources I reported income of $99.8m and spending of $94.8m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $81.7m to $99.8m (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association for the Exchange of Industrial Resources I sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Conference Board Inc ($99.8m), Goodwill Industries of Middle Tennessee Inc ($100.3m) and Hadassah the Womens Zionist Organization of America Inc ($98.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $836k (0.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $100.1m against liabilities of $2.0m, net assets of $98.1m. It reported 50 employees.