American Society for Composites

Analysis

American Society for Composites is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, American Society for Composites reported income of $70k and spending of $102k, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $70k (+262%), an average of +262% a year. The sharpest change came in the year to December 2023, when income rose by 262%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society for Composites sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Expectant Parents Organization ($70k), Little League Baseball Inc ($70k) and Fargo Kiwanis Club Foundation ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 53% of the total. At year end it held assets of $276k against liabilities of $195, net assets of $276k.