The Society for the Advancement of Socio-Economics

Analysis

The Society for the Advancement of Socio-Economics is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, The Society for the Advancement of Socio-Economics reported income of $378k and spending of $606k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $437k to $378k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Society for the Advancement of Socio-Economics sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Junior Appalachian Musicians Inc ($378k), Western Arkansas Ballet ($378k) and Praize Productions Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $29k (4.8% of expenses). Other salaries and wages came to $85k. At year end it held assets of $244k against liabilities of $2, net assets of $244k.