Society of Plastics Engineers

Analysis

Society of Plastics Engineers is a registered charity in United States, based in Lake Forest, IL. 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 June 2024, Society of Plastics Engineers reported income of $540k and spending of $460k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $505k to $540k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to June 2024, when income rose by 602%. Over the whole period it spent 100% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Hlba Sports Inc ($540k), Bizfed Institute ($540k) and Okoboji Bible Conference Ministries ($540k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $311k against liabilities of $0, net assets of $311k.