What is the financial size of THE INSTITUTION OF MECHANICAL ENGINEERS?

THE INSTITUTION OF MECHANICAL ENGINEERS is classified as a major charity. In the latest financial year, they reported a total income of £31,922,000 and total expenditure of £32,627,000.

How does THE INSTITUTION OF MECHANICAL ENGINEERS allocate its spending?

For every pound spent, approximately 68.1% goes directly to charitable activities. The remaining 31.9% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.2%).

What is the workforce structure of THE INSTITUTION OF MECHANICAL ENGINEERS?

THE INSTITUTION OF MECHANICAL ENGINEERS employs 222 staff members and is supported by 5,217 volunteers.

Does THE INSTITUTION OF MECHANICAL ENGINEERS receive government funding?

To a small extent. Approximately 0.8% of their income comes from government grants or contracts.

Does THE INSTITUTION OF MECHANICAL ENGINEERS pay its trustees?

Yes, the latest data indicates that one or more trustees receive payments or personal benefits from the charity.

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THE INSTITUTION OF MECHANICAL ENGINEERS

#206882

Other•Major•Registered

www.imeche.org

Improving the world through engineering,specifically as per the royal charter: the objects and purposes for which the institution is hereby constituted are to promote the development of mechanical engineering and to facilitate the exchange of information and ideas thereon?

Registered address

INSTITUTION OF MECHANICAL ENGINEERS, 1 BIRDCAGE WALK, LONDON, SW1H 9JJ

Latest HighlightsFY 2024

Income

All sources

£31,922,000

Expenditure

All activities

£32,627,000

Net Reserves

Unrestricted funds

£8,742,000

Total Assets

Gross assets

£41,653,000

Working Capital

Liquidity

£1,658,000

Benchmark Performance

Comparing against 1,903 similar major charities

Compare vs:

Reserve Runway

3.2 months

Median: 3.6 monthsAround typical

Income Growth (1yr)

5.5%

Median: 8.2%Around typical

Spending Efficiency

68.1%

Median: 97.2%Below typical

Income Concentration

49.2%

Median: 87.1%Top quartile

Fundraising ROI

3.1x

Median: 27.3xBelow typical

Income Volatility

11.2%

Median: 13.4%Around typical

Self-Generated Income

97.0%

Median: 92.1%Around typical

3-Year Income CAGR

12.2%

Median: 8.7%Around typical

Efficiency & Health

Charitable Spending

68.1%

Fundraising Eff.

% income retained

3.1%

Governance Cost

% of expenditure

13.0%

Grant Making

% given away

1.2%

Debt Ratio

% of assets

20.3%

Survival Ratio

Months of reserves

3.2 months

Income Profile

Donations & Legacies

% of income

0.9%

Government Reliance

% of income

0.8%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 4920

Moderately Concentrated

Trends

Income Growth (1yr)

Year over Year

5.5%↑

Income CAGR (3yr)

Compound growth

12.2%

Volatility

Stable

11.2%

Reserves Trend

Direction

Building

Governance

Employees

Staff count

222

Volunteers

Volunteer count

5,217

Volunteer Ratio

Per staff member

23.5:1

Revenue/Employee

Per head

£143,793

Trustee Benefits

Payments to trustees

Yes

High Earners

Earning over £60k

20.7%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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