Society of Tribologists & Lubrication Engineers

Analysis

Society of Tribologists & Lubrication Engineers is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Society of Tribologists & Lubrication Engineers reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.3m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 95% 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 Tribologists & Lubrication Engineers sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Chicken & Egg Pictures Inc ($3.3m), Partners for Sacred Places Inc ($3.3m) and American Institute of Graphic Arts ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $265k (8.0% of expenses). Other salaries and wages came to $597k. At year end it held assets of $4.6m against liabilities of $731k, net assets of $3.9m. It reported 10 employees.