National Society of Black Engineers

Analysis

National Society of Black Engineers is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 1988, 38 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 July 2023, National Society of Black Engineers reported income of $20.7m and spending of $18.9m, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $15.6m to $20.7m (+33%), an average of +7.3% a year. The sharpest change came in the year to July 2021, when income rose by 140%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Society of Black Engineers sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Project Veritas ($20.7m), Detroit Opera ($20.8m) and Grand Rapids Public Museum ($20.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 59% and program service revenue 33% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $28.8m against liabilities of $12.1m, net assets of $16.8m. It reported 51 employees.