American Society of Agricultural and Biological Engineers

Analysis

American Society of Agricultural and Biological Engineers is a registered charity in United States, based in St Joseph, MI. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2022, American Society of Agricultural and Biological Engineers reported income of $2.5m and spending of $2.8m, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.7m to $2.5m (-7.9%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 97% 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 Agricultural and Biological Engineers sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Mandarins of Sacramento Inc ($2.5m), Asian American Senior Citizens Service Center Inc ($2.5m) and United Federation of Black Community Organizations Inc ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $522k (19% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.4m against liabilities of $1.6m, net assets of $2.9m. It reported 30 employees.