Machinists Institute

Analysis

Machinists Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Machinists Institute reported income of $8.3m and spending of $4.3m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $8.3m (+2446%), an average of +125% a year. The sharpest change came in the year to December 2021, when income rose by 442%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Machinists Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Worcester State Foundation Inc ($8.3m), Delta Gamma Foundation ($8.3m) and Propel Charter School-Mckeesport ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $197k (4.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $12.6m against liabilities of $5.2m, net assets of $7.4m. It reported 18 employees.