American Lightweight Materials Manufacturing Innovation Institute

Analysis

American Lightweight Materials Manufacturing Innovation Institute is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2014, 12 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 Lightweight Materials Manufacturing Innovation Institute reported income of $43.5m and spending of $38.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.3m to $43.5m (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 88% 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 Lightweight Materials Manufacturing Innovation Institute 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 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Boston Ballet Inc ($43.1m), Curtis Institute of Music ($43.5m) and Hale Centre Theatre ($43.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $2.3m (5.9% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $57.2m against liabilities of $17.0m, net assets of $40.3m. It reported 53 employees.