Society of Vacuum Coaters Foundation Inc

Analysis

Society of Vacuum Coaters Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society of Vacuum Coaters Foundation Inc reported income of $90k and spending of $48k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $90k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society of Vacuum Coaters Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within NM. Charities of a similar size with the same main cause include Zumbrota-Mazeppa Educational Foundation ($90k), Illinois Public Airports Association ($90k) and San Fernando Valley Japanese Language Institute ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $737k against liabilities of $6,500, net assets of $730k.