Institute Of Makers Of Explosives
Institute Of Makers Of Explosives maintains stable finances with consistent revenue and zero reported officer compensation.
EIN: 130870910 · Washington, DC · Updated: 2026-03-28
Is Institute Of Makers Of Explosives Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute Of Makers Of Explosives directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute Of Makers Of Explosives
Institute Of Makers Of Explosives (EIN: 130870910) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $2.5M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Makers Of Explosives's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Makers Of Explosives is a mid-size nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$266K |
| Total Assets | $2.3M |
| Total Liabilities | $915K |
| Net Assets | $1.4M |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Institute Of Makers Of Explosives reported a surplus of $266K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute Of Makers Of Explosives's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +4.7% | -4.4% |
| 2022 | +65.1% | +11.2% | +78.1% |
| 2021 | -33.7% | -6.2% | -25.5% |
| 2020 | -25.2% | -19.8% | -5.9% |
| 2019 | +0.2% | -4.4% | +14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1935 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Institute Of Makers Of Explosives with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Institute Of Makers Of Explosives allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $266K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its officers are either uncompensated, compensated through other means not reported as officer compensation, or that the organization operates with a volunteer leadership structure, which is highly efficient for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Institute Of Makers Of Explosives's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- NTEE code is unknown, limiting understanding of specific mission area
Strengths
The following positive indicators were identified for Institute Of Makers Of Explosives:
- Consistent revenue generation over multiple years
- Positive net assets and growth in assets over time
- Zero reported officer compensation, indicating efficient use of funds for leadership
- Generally operates with a surplus, contributing to financial stability
- Active management of liabilities, with a decrease from 2022 to 2023
Frequently Asked Questions about Institute Of Makers Of Explosives
Is Institute Of Makers Of Explosives a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute Of Makers Of Explosives (EIN: 130870910) some concerns. Mission Score: 75/100. 2 red flags identified, 5 strengths noted.
How does Institute Of Makers Of Explosives spend its money?
Institute Of Makers Of Explosives directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute Of Makers Of Explosives tax-deductible?
Institute Of Makers Of Explosives is registered as a tax-exempt nonprofit (EIN: 130870910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Institute Of Makers Of Explosives allocate its expenses between program, administrative, and fundraising activities?
Based on the available data, a precise breakdown is not provided. However, assuming a typical non-profit structure with zero officer compensation, a significant portion of expenses would likely go towards programs and necessary administration. Without detailed expense categories from the 990, a definitive answer is not possible.
What caused the significant increase in liabilities in 2022 to $1,289,019?
The provided data does not specify the reason for the increase in liabilities in 2022. This would require reviewing the full IRS Form 990 for that period, specifically the balance sheet and notes, to understand the nature of these liabilities (e.g., loans, deferred revenue, payables).
Is the Institute Of Makers Of Explosives financially sustainable given its revenue and expense trends?
Yes, the organization appears financially sustainable. In most recent years (e.g., 2023, 2022, 2019, 2018, 2017, 2016, 2015, 2014), revenues have exceeded expenses, allowing for asset growth. While there was a deficit in 2021, it was an anomaly in an otherwise positive trend, and assets remained robust.
What is the purpose of the organization's accumulated assets, which reached $2,345,893 in 2023?
The provided data does not specify the exact purpose of the accumulated assets. Generally, these assets could be held as operating reserves, for future projects, or invested to generate additional income. A review of the organization's balance sheet and statements of functional expenses would provide more clarity.
Filing History
IRS 990 filing history for Institute Of Makers Of Explosives showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute Of Makers Of Explosives's revenue has grown by 23.4%, moving from $1.9M to $2.4M. Total assets increased by 449.9% over the same period, from $427K to $2.3M. Total functional expenses rose by 7.5%, from $2.0M to $2.1M. In its most recent filing year (2023), Institute Of Makers Of Explosives reported a surplus of $266K, with revenue exceeding expenses. The organization holds $915K in liabilities against $2.3M in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.1M | $2.3M | $915K | — | — |
| 2022 | $2.1M | $2.0M | $2.5M | $1.3M | — | View 990 |
| 2021 | $1.3M | $1.8M | $1.4M | $294K | — | View 990 |
| 2020 | $1.9M | $1.9M | $1.9M | $228K | — | — |
| 2019 | $2.5M | $2.4M | $2.0M | $328K | — | View 990 |
| 2018 | $2.5M | $2.5M | $1.7M | $238K | — | View 990 |
| 2017 | $2.5M | $2.3M | $1.6M | $200K | — | View 990 |
| 2016 | $2.8M | $2.5M | $1.2M | $92K | — | View 990 |
| 2015 | $2.6M | $2.5M | $714K | $30K | — | View 990 |
| 2014 | $2.6M | $2.1M | $666K | $65K | — | View 990 |
| 2013 | $2.3M | $2.5M | $413K | $270K | — | View 990 |
| 2012 | $2.2M | $2.4M | $451K | $208K | — | View 990 |
| 2011 | $1.9M | $2.0M | $427K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.1M, and assets of $2.3M (revenue +13.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $2.5M (revenue +65.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.8M, and assets of $1.4M (revenue -33.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $1.9M (revenue -25.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.4M, and assets of $2.0M (revenue +0.2% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $1.7M (revenue +0.1% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.3M, and assets of $1.6M (revenue -10.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.5M, and assets of $1.2M (revenue +8.7% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.5M, and assets of $714K (revenue +0.8% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.1M, and assets of $666K (revenue +12.3% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.5M, and assets of $413K (revenue +2.9% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.4M, and assets of $451K (revenue +16.8% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.0M, and assets of $427K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Makers Of Explosives:
Data Sources and Methodology
This transparency report for Institute Of Makers Of Explosives is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.