Aci Center of Excellence for Carbon Neutral Concrete

Analysis

Aci Center of Excellence for Carbon Neutral Concrete is a registered charity in United States, based in Farmington Hills, MI. It received its IRS tax-exemption ruling in July 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aci Center of Excellence for Carbon Neutral Concrete reported income of $1.3m and spending of $817k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $589k to $1.3m (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aci Center of Excellence for Carbon Neutral Concrete sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Frances Clark Center for Keyboard Pedagogy ($1.3m), National Monuments Foundation Inc ($1.3m) and Marfa Public Radio Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $175k (21% of expenses). Other salaries and wages came to $294k. At year end it held assets of $543k against liabilities of $36k, net assets of $507k.