MACHINISTS INSTITUTE

SEATTLE, WA, 98108-5100 (206) 764-0329 Est. 2018 EIN 83-1938059

B99 - Education N.E.C. 990 - Public charity return 501(c)(3)

www.machinistsinstitute.org

Mission

WE ENVISION A PROSPERITY FOR WORKERS ACROSS MULTIPLE INDUSTRIES THROUGH WORLD CLASS, ACCESSIBLE AND AFFORDABLE EDUCATION AND TRAINING BY PROVIDING PATHWAYS TO DEVELOP THE SKILLS NEEDED FOR IAM MEMBERS ALONG WITH THOSE IN OUR COMMUNITY IN NEED OF OPPORTUNITIES AND RIGHTS IN THE WORKPLACE.

Financials

Total Revenue

$6,594,851

Total Expenses

$6,392,274

Net Assets

$7,975,513

27 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

15.0 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 20.1%

Expenses ↑ 48.6%

Revenue Sources

Contributions 96.3% Earned revenue 0.3% Investment 3.4%

Expense Breakdown

Program 82.0% Management 17.2% Fundraising 0.9%

Officers & Key Employees (13)

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Grants Received (13)

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Filing History (4 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$6,594,851 ↓	$6,392,274	$7,975,513
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$8,257,650 ↑	$4,302,560	$7,393,687
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$5,139,039 ↑	$3,266,592	$3,299,811
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$523,113	$312,695	$494,678