American Society for Engineering Education

Analysis

American Society for Engineering Education is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1950, 76 years ago. 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 September 2023, American Society for Engineering Education reported income of $30.6m and spending of $26.6m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $36.5m to $30.6m (-16%), an average of -4.3% a year. The sharpest change came in the year to September 2020, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society for Engineering Education sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include The Kennedy Collective Inc ($30.6m), West Texas Food Bank ($30.7m) and Siskiyou Community Health Center Inc ($30.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $663k (2.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $11.9m against liabilities of $6.3m, net assets of $5.6m. It reported 49 employees.