Society of Asian Scientists and Engineers

Analysis

Society of Asian Scientists and Engineers is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2011, 15 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 2021, Society of Asian Scientists and Engineers reported income of $917k and spending of $749k, spending 82% of its income. Across the 4 years on record, from June 2019 to December 2021, income fell from $1.4m to $917k (-36%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Asian Scientists and Engineers sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Gualala Arts ($917k), Southwest Florida Symphony Endowment Foundation Inc ($918k) and Ragamala Dance ($916k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $52k (6.9% of expenses). Other salaries and wages came to $175k. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.1m. It reported 8 employees.