United States Cutting Tool Institute
Public records raise at least one point you should look into before giving.
What it says it does
TO PROMOTE, ENHANCE, AND EXPAND PARTICIPATION BY ALL U.S. CUTTING TOOL MANUFACTURERS AND TO OBTAIN THE ADVANTAGES ASSOCIATED WITH ESTABLISHING A JOINT AND CONCENTRATED INDUSTRY EFFORT DESIGNED TO PROMOTE QUALITY PRODUCTS, SAFETY AND ENVIRONMENTAL AWARENESS.
- Income
- $606,822
- Spending
- $549,696
- Employees
- 0
- Volunteers
- 176
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- MEETINGS: MEETINGS PROVIDE UNITED STATES CUTTING TOOL INSTITUTE MEMBER COMPANY EXECUTIVES WITH AN OPPORTUNITY TO SHARE IDEAS AND INFORMATION WITH OTHER SENIOR LEVEL EXECUTIVES. THE TWO NATIONAL MEETINGS HELD EACH YEAR INCLUDE PANEL DISCUSSIONS AND SPEAKERS COVERING TIMELY BUSINESS ISSUES SUCH AS, MANUFACTURING AND MACHINING TRENDS, MARKET FORECASTING, TRADEMARKS AND PATENTS, THE INTERNET, E-COMMERCE, AND ENVIRONMENTAL REGULATIONS. THESE MEETINGS HELP FULFILL AT LEAST TWO OF THE MAIN PURPOSES OF THE INSTITUTE WHICH ARE; "TO SPONSOR EDUCATIONAL AND INFORMATIONAL PROGRAMS OF BENEFIT TO ITS MEMBERS", AND "TO SECURE THE BENEFITS TO BE DERIVED FROM FRIENDLY COMMUNICATION AMONG, AND EXCHANGE OF INFORMATION BY ITS MEMBERS FOR THEIR OWN WELFARE". A SEPARATE REGISTRATION FEE IS CHARGED TO THOSE (CONTINUED ON SCH O) MEMBERS WHO ATTEND MEETINGS IN ORDER TO OFFSET MEETING COSTS. SPONSORSHIP FEES ALSO HELP DEFER MEETING COSTS.
- STATISTICS: THE INSTITUTE'S STATISTICS PROGRAM PROVIDES MEMBER COMPANIES WITH ACCURATE AND TIMELY INDUSTRY DATA AND INFORMATION. THIS INFORMATION HELPS MEMBERS MONITOR INDUSTRY AND BUSINESS TRENDS. REPORTS COMPILED BY THE INSTITUTE COVER AGGREGATE INCOMING ORDERS AND SHIPMENTS/BILLINGS, ON A MONTHLY BASIS. A THIRD PARTY IS RETAINED TO PROVIDE A QUARTERLY ANALYSIS AND FORECAST FOR THE CUTTING TOOL INDUSTRY AND THE ECONOMY AS A WHOLE. THE INSTITUTE ALSO CONDUCTS SEVERAL OTHER SURVEYS TO MONITOR MEMBERS' WAGE AND BENEFIT COSTS AND FINANCIAL OPERATING RATIOS. THE STATISTICS PROGRAM FULFILLS ONE OF THE MAIN PURPOSES OF THE INSTITUTE WHICH IS "TO COLLECT AND DISSEMINATE STATISTICS RELATING TO THE CUTTING TOOL INDUSTRY THROUGH A SIMPLE, ADEQUATE REPORTING SYSTEM."
- WEBSITE: THE MAIN PURPOSE OF THE UNITED STATES CUTTING TOOL INSTITUTE WEBSITE IS TO KEEP INSTITUTE MEMBERS AND OTHER INTERESTED PARTIES INFORMED ABOUT THE INSTITUTE ACTIVITES. THE WEBSITE ALSO PROVIDES A LISTING OF INSTITUTE MEMBERS, ALLOWING VISITORS TO OBTAIN ADDITIONAL CUTTING TOOL INFORMATION DIRECTLY FROM THESE COMPANIES. THE INSTITUTE WEBSITE HELPS FULFILL ONE OF THE MAIN PURPOSES OF THE INSTITUTE WHICH IS "TO FOSTER, ADVANCE, AND PROMOTE THE INTERESTS OF ITS MEMBERS."
- PUBLICATIONS: UNITED STATES CUTTING TOOL INSTITUE HAS DEVELOPED AND SOLD SEVERAL DIFFERENT TECHNICAL PUBLICATIONS COVERING CUTTING TOOLS. THESE PUBLICATIONS ARE INTENDED TO ASSIST MANUFACTURERS AND USERS OF CUTTING TOOLS IN UNDERSTANDING THE DIMENSIONS AND TOLERANCES FOR CUTTING TOOLS, AS WELL AS PROPER USES OF THESE TOOLS. THE INSTITUTE ALSO PUBLISHED, IN COOPERATION WITH AN OUTSIDE PUBLISHING FIRM, THE METAL CUTTING TOOL HANDBOOK AS A COMPREHENSIVE GUIDE TO THE SELECTION, USE, AND PERFORMANCE OF CUTTING TOOLS. INSTITUTE PUBLICATIONS FULFILL ONE OF THE MAIN PURPOSES OF THE INSTITUTE WHICH IS "TO PROMOTE THE STANDARDIZATION OF SIZES, DIMENSIONS AND TOLERANCES, AND SIMPLIFY THE SAME IN COOPERATION WITH... OTHER NATIONAL AND INTERNATIONAL BODIES."
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1989.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.