Society of Vacuum Coaters

Analysis

Society of Vacuum Coaters is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2021, 5 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 (gross receipts test) 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 reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-2.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 261%. Over the whole period it spent 106% 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 Vacuum Coaters sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include United Railroad Historical Society of New Jersey Inc ($1.1m), Friends of Minidoka Inc ($1.1m) and Republic County Historical Society ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 65% of the total. Other salaries and wages came to $314k. At year end it held assets of $1.0m against liabilities of $545k, net assets of $484k. It reported 1 employees.