Question 1

What is the mission of THE INSTITUTION OF MECHANICAL ENGINEERS?

Accepted Answer

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?

Question 2

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

Accepted Answer

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.

Question 3

How does THE INSTITUTION OF MECHANICAL ENGINEERS allocate its spending?

Accepted Answer

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 (96.6%).

Question 4

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

Accepted Answer

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

Question 5

Does THE INSTITUTION OF MECHANICAL ENGINEERS receive government funding?

Accepted Answer

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

Question 6

Does THE INSTITUTION OF MECHANICAL ENGINEERS pay its trustees?

Accepted Answer

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

THE INSTITUTION OF MECHANICAL ENGINEERS

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