Institute of Industrial and Systems Engineers Inc

Analysis

Institute of Industrial and Systems Engineers Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in May 1963, 63 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 March 2023, Institute of Industrial and Systems Engineers Inc reported income of $5.2m and spending of $5.6m, spending 109% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $5.6m to $5.2m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to March 2023, when income rose by 23%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Industrial and Systems Engineers Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Boys & Girls Clubs of Indianapolis Inc ($5.2m), Alpha Delta Pi Foundation Inc ($5.2m) and Delta Dental Fund ($5.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $604k (11% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.5m against liabilities of $4.7m, net assets of $722k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.