American Vacuum Society Incorporated

Analysis

American Vacuum Society Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1967, 59 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Vacuum Society Incorporated reported income of $5.9m and spending of $5.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $5.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Vacuum Society Incorporated sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Music Performance Trust Fund ($5.9m), George Street Playhouse Inc ($5.9m) and Improve the News Foundation ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $323k (5.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $17.7m against liabilities of $2.2m, net assets of $15.5m. It reported 14 employees.