American Society for Quality Inc

Analysis

American Society for Quality Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1952, 74 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 for Quality Inc reported income of $25.0m and spending of $28.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $38.8m to $25.0m (-36%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Society for Quality Inc 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 98th percentile within WI. Charities of a similar size with the same main cause include W E Upjohn Unemployment Trustee Corporation ($24.8m), Depaul Industries ($25.1m) and Partnership for Public Service Inc ($24.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.3m (4.5% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $45.9m against liabilities of $22.3m, net assets of $23.6m. It reported 122 employees.