Audio Engineering Society Inc

Analysis

Audio Engineering Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1966, 60 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, Audio Engineering Society Inc reported income of $3.2m and spending of $2.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.2m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Audio Engineering Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Urban Habitat Program ($3.2m), Progressive Workshop of Armstrong County Inc ($3.2m) and Rochelle Center ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Other salaries and wages came to $188k. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $1.0m. It reported 2 employees.