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 Hermosa Beach, CA. 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 2024, American Society of Heating Refrigerating & A-C Engineers reported income of $50k and spending of $63k, spending 125% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $125k to $50k (-60%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 70% 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 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Good Samaritan Alliance ($50k), Community Health Partnership of Mercer County ($50k) and Jesse Miranda Center for Hispanic Leadership ($50k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 37% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.