Forum to Advance Minorities in Engineering Inc

Analysis

Forum to Advance Minorities in Engineering Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1977, 49 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 (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, Forum to Advance Minorities in Engineering Inc reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $704k to $2.0m (+177%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 470%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forum to Advance Minorities in Engineering Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within DE. Charities of a similar size with the same main cause include Koihonua ($2.0m), Jamestown Rediscovery Foundation ($2.0m) and Roads of Success ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $759k. At year end it held assets of $4.8m against liabilities of $286k, net assets of $4.5m. It reported 52 employees.