American Institute of Chemical Engineers

Analysis

American Institute of Chemical Engineers is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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 Institute of Chemical Engineers reported income of $47.5m and spending of $51.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $48.6m to $47.5m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Institute of Chemical Engineers 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 98th percentile within NY. Charities of a similar size with the same main cause include Anabaptist Financial ($47.4m), Leslie Knott Letcher Perry Community Action Council ($47.6m) and New York Legal Assistance Group Incorporated ($47.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $3.1m (6.0% of expenses). Other salaries and wages came to $11.6m. It paid $83k in professional fundraising fees. At year end it held assets of $63.2m against liabilities of $13.1m, net assets of $50.1m. It reported 138 employees.