American Society of Animal Science Inc

Analysis

American Society of Animal Science Inc is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in April 1976, 50 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 December 2023, American Society of Animal Science Inc reported income of $2.4m and spending of $2.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.4m (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society of Animal Science Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Surry Arts Council ($2.4m), International Society for Pharmacoepidemiology ($2.4m) and Dorchester Academy Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $161k (6.3% of expenses). Other salaries and wages came to $565k. At year end it held assets of $1.2m against liabilities of $613k, net assets of $621k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.