Society of Satellite Professionals

Analysis

Society of Satellite Professionals is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1984, 42 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 2023, Society of Satellite Professionals reported income of $308k and spending of $312k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $174k to $308k (+77%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Satellite Professionals sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Library Guild of Rancho Santa Fe Inc ($308k), Virginia Chapter of the American Planning Association ($308k) and Leadership Geauga County ($308k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $149k against liabilities of $38k, net assets of $110k.