National Academy of Engineering Fund

Analysis

National Academy of Engineering Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Academy of Engineering Fund reported income of $8.2m and spending of $9.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $8.2m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Academy of Engineering Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Shenandoah Valley Battlefields Foundation ($8.1m), Partners Asia ($8.2m) and Robertson Research Fund Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 2.4% of the total. At year end it held assets of $113.4m against liabilities of $4.0m, net assets of $109.5m.