The Asme Foundation Inc

Analysis

The Asme Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1986, 40 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Asme Foundation Inc reported income of $4.7m and spending of $3.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.7m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Asme Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include The John B Pierce Laboratory Inc ($4.7m), Arkansas Educational Telecommunications Network FDN ($4.7m) and Bristol Riverside Theater Co Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $35.9m against liabilities of $3.2m, net assets of $32.8m.