American Society of Heating Refrigerating & A-C Engineers

Analysis

American Society of Heating Refrigerating & A-C Engineers is a registered charity in United States, based in Bethpage, NY. It received its IRS tax-exemption ruling in November 1973, 53 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 June 2023, American Society of Heating Refrigerating & A-C Engineers reported income of $295k and spending of $368k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $298k to $295k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 220%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Society of Heating Refrigerating & A-C Engineers sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Womans Club of Stuart Inc ($295k), Beacon Hill Civic Association Inc ($295k) and Propel Network Inc ($295k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $267k against liabilities of $12k, net assets of $255k.