National Association of Power Engineers Educational FNDTN Inc

Analysis

National Association of Power Engineers Educational FNDTN Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Association of Power Engineers Educational FNDTN Inc reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.5m (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. 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, National Association of Power Engineers Educational FNDTN Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include New Pilgrim Homes Inc ($1.5m), Fast Friends ($1.5m) and Jewish Women International ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $311k (19% of expenses). Other salaries and wages came to $445k. At year end it held assets of $9.4m against liabilities of $5.9m, net assets of $3.5m. It reported 43 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.