American Society of Brewing Chemists Inc

Analysis

American Society of Brewing Chemists Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1945, 81 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 March 2024, American Society of Brewing Chemists Inc reported income of $954k and spending of $952k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.1m to $954k (-17%), an average of -4.4% a year. The sharpest change came in the year to March 2021, when income dropped by 19%. Over the whole period it spent 91% 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 Brewing Chemists Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include California Center for Cooperation Development ($954k), Downtown Somerville Alliance ($954k) and Tulsa Pipe Trades Training School ($954k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.6% and program service revenue 78% of the total. At year end it held assets of $2.8m against liabilities of $644k, net assets of $2.2m.