Association of Energy Services Professionals

Analysis

Association of Energy Services Professionals is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Association of Energy Services Professionals reported income of $3.1m and spending of $3.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Energy Services Professionals 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 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Darrell L Hines Academy Inc ($3.1m), Little Free Library Ltd ($3.1m) and Innovate Academy & Preparatory School Corp ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $495k (14% of expenses). Other salaries and wages came to $600k. At year end it held assets of $1.9m against liabilities of $1.2m, net assets of $689k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.