National Tooling and Machining Foundation Inc

Analysis

National Tooling and Machining Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1999, 27 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, National Tooling and Machining Foundation Inc reported income of $181k and spending of $188k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $297k to $181k (-39%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 282%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Tooling and Machining Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Community Coalition of Melrose Inc ($181k), Parents United for Change - Community Organizing and Family Is ($181k) and Directemployers Institute Inc ($180k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 49% of the total. At year end it held assets of $3.3m against liabilities of $29k, net assets of $3.2m.