Society of Plastics Engineers

Analysis

Society of Plastics Engineers is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in April 1945, 81 years ago. 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, Society of Plastics Engineers reported income of $824k and spending of $779k, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $893k to $824k (-7.8%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Plastics Engineers sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Community Dining Room Inc ($824k), Redeemer Lutheran Church Foundation of Seymour Indiana Inc ($824k) and Sephardic Mikvah Israel Inc ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k.