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 Waconia, MN. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 $127k and spending of $110k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $74k to $127k (+72%), an average of +72% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Society of Heating Refrigerating & A-C Engineers sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Massachusetts General Hospital Nurses Alumnae Association Inc ($127k), PTO of Hall-Kent Elementary ($127k) and Academy for the Art of Metal Shaping Inc ($127k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 71% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.