Manufacturing Institute

Analysis

Manufacturing Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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, Manufacturing Institute reported income of $8.2m and spending of $9.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $8.2m (+114%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manufacturing Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Highfields Inc ($8.2m), Reagan-Udall Foundation for the Food and Drug Administration ($8.2m) and Area II Agency on Aging ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $972k (10% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.5m against liabilities of $1.5m, net assets of $7.0m.