Mechanics Institute

Analysis

Mechanics Institute is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Mechanics Institute reported income of $3.1m and spending of $2.2m, leaving 28% of income unspent that year. Across the 3 years on record, from August 2021 to June 2023, income fell from $5.3m to $3.1m (-42%), an average of -24% a year. The sharpest change came in the year to June 2023, when income rose by 122%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mechanics Institute 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 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Marathon County Child Development Agency Inc ($3.1m), Camp Fire ($3.1m) and Cascades Camp and Conference Center ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $270k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $19.4m against liabilities of $533k, net assets of $18.9m. It reported 57 employees.