Advanced Robotics for Manufacturing Institute

Analysis

Advanced Robotics for Manufacturing Institute is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 2017, 9 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 June 2023, Advanced Robotics for Manufacturing Institute reported income of $35.9m and spending of $35.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $35.9m (+111%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 149%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Advanced Robotics for Manufacturing Institute sits at the 99th 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 PA. Charities of a similar size with the same main cause include Oregon Shakespeare Festival Association ($35.8m), Ballet Theatre Foundation Inc ($35.9m) and Medal of Honor Museum Foundation ($35.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.8m (5.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $9.5m against liabilities of $5.4m, net assets of $4.1m. It reported 41 employees.