National Center for Manufacturing Sciences

Analysis

National Center for Manufacturing Sciences is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, National Center for Manufacturing Sciences reported income of $427.6m and spending of $418.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $129.6m to $427.6m (+230%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Center for Manufacturing Sciences 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 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Local Initiatives Support Corporation ($373.1m), Jobsohio Beverage System ($732.5m) and Common Fund for Non-Profit Organizations ($306.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $820k (0.2% of expenses). At year end it held assets of $243.1m against liabilities of $199.2m, net assets of $43.9m. It reported 94 employees.