Society of Plastics Engineers

Analysis

Society of Plastics Engineers is a registered charity in United States, based in Verona, KY. It received its IRS tax-exemption ruling in May 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 June 2024, Society of Plastics Engineers reported income of $320k and spending of $287k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $289k to $320k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Plastics Engineers sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Harmony Project Phoenix ($320k), Columbus Cultural Heritage Foundation ($320k) and Pennsylvania Guild of Craftsman ($320k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.