American Physical Society

Analysis

American Physical Society is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in January 1945, 81 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 Physical Society reported income of $118.8m and spending of $80.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $72.8m to $118.8m (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 80% 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 Physical Society sits at the 100th 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 MD. Charities of a similar size with the same main cause include Institute of Gas Technology ($118.0m), California Institute of the Arts ($119.6m) and Kqed Inc ($115.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $3.1m (3.8% of expenses). Other salaries and wages came to $29.7m. At year end it held assets of $296.4m against liabilities of $36.2m, net assets of $260.2m. It reported 323 employees.