American Concrete Institute

Analysis

American Concrete Institute is a registered charity in United States, based in Farmington Hills, MI. It received its IRS tax-exemption ruling in February 1956, 70 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 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 December 2023, American Concrete Institute reported income of $21.7m and spending of $25.6m, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $22.0m to $21.7m (-1.5%), an average of -1.5% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Concrete Institute sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Vizcaya Museum and Gardens Trust Inc ($21.7m), Pen American Center Inc ($21.8m) and National Constitution Center ($21.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 73% of the total. Compensation of current officers, directors and key employees was $460k (1.8% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $51.9m against liabilities of $9.2m, net assets of $42.7m. It reported 170 employees.