Association for Manufacturing Excellence Ame

Analysis

Association for Manufacturing Excellence Ame is a registered charity in United States, based in Rolling MDWS, IL. It received its IRS tax-exemption ruling in November 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Association for Manufacturing Excellence Ame reported income of $1.3m and spending of $1.5m, spending 113% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $3.9m to $1.3m (-67%), an average of -31% a year. The sharpest change came in the year to September 2021, when income dropped by 47%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association for Manufacturing Excellence Ame sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Five One Labs Inc ($1.3m), Hamilton County Business Center Inc ($1.3m) and Georgia Sheet Metal Joint Apprenticeship Committee ($1.3m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 4.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $200k (14% of expenses). Other salaries and wages came to $416k. At year end it held assets of $3.6m against liabilities of $2.2m, net assets of $1.4m. It reported 7 employees.