Illinois Manufacturing Excellence Center

Analysis

Illinois Manufacturing Excellence Center is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Illinois Manufacturing Excellence Center reported income of $13.7m and spending of $12.8m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.4m to $13.7m (+10%), an average of +2.4% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois Manufacturing Excellence Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Opportunity Foundation Inc ($13.7m), Healthy Start Coalition of Hillsborough County Inc ($13.7m) and Willamette Valley Hospice Inc ($13.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $341k (2.7% of expenses). Other salaries and wages came to $326k. At year end it held assets of $9.7m against liabilities of $2.3m, net assets of $7.4m. It reported 51 employees.