Sustainable Manufacturing Innovation Alliance Corp

Analysis

Sustainable Manufacturing Innovation Alliance Corp is a registered charity in United States, based in W Henrietta, NY. It received its IRS tax-exemption ruling in February 2018, 8 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, Sustainable Manufacturing Innovation Alliance Corp reported income of $9.3m and spending of $8.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $9.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sustainable Manufacturing Innovation Alliance Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Dallas Symphony Foundation ($9.3m), Trinity Repertory Company ($9.3m) and Grounds for Sculpture Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $570k. At year end it held assets of $7.7m against liabilities of $1.6m, net assets of $6.2m. It reported 12 employees.