American Welding Society Inc

Analysis

American Welding Society Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in December 1943, 83 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Welding Society Inc reported income of $45.4m and spending of $40.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43.9m to $45.4m (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Welding Society Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Youth Co-Op Inc ($45.2m), Rural Capital Area Workforce Development Board Inc ($45.7m) and Southeast Community Capital Corporation ($45.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.2m (3.1% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $152.1m against liabilities of $9.5m, net assets of $142.5m. It reported 176 employees.