Advanced Functional Fabrics of America Inc

Analysis

Advanced Functional Fabrics of America Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Advanced Functional Fabrics of America Inc reported income of $22.1m and spending of $25.8m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.4m to $22.1m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advanced Functional Fabrics of America Inc 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 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Academy of Math & Science Inc ($22.1m), Golda Och Academy Inc ($22.1m) and Renaissance Arts and Education Inc ($22.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $1.5m (5.8% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $11.0m against liabilities of $8.0m, net assets of $2.9m. It reported 61 employees.