Society of Plastics Engineers

Analysis

Society of Plastics Engineers is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in March 1945, 81 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 June 2024, Society of Plastics Engineers reported income of $423k and spending of $394k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $296k to $423k (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 1454%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Plastics Engineers sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Naomi G and Edwin Z Singer Family Fund ($423k), Casa San Juan Bosco ($423k) and Substance Abuse Council of Greater Battle Creek ($423k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.