Metals Innovation Initiative Inc

Analysis

Metals Innovation Initiative Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in January 2024, 2 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Metals Innovation Initiative Inc reported income of $1.1m and spending of $655k, leaving 39% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $285k to $1.1m (+279%), an average of +279% a year. The sharpest change came in the year to September 2023, when income rose by 279%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metals Innovation Initiative Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Waycraft Inc ($1.1m), Tennessee Association of Business Foundation ($1.1m) and United Power for Action & Justice Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. At year end it held assets of $578k against liabilities of $203k, net assets of $375k.