Society of Plastics Engineers

Analysis

Society of Plastics Engineers is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in May 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 2022, Society of Plastics Engineers reported income of $302k and spending of $427k, spending 141% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $253k to $302k (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 94% 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 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Pleasant Valley Bible Camp ($302k), Davenport Retirement Village ($302k) and Veterans Ride for Free ($302k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. At year end it held assets of $419k against liabilities of $0, net assets of $419k.