Society of American Military Engineers

Analysis

Society of American Military Engineers is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in November 1954, 72 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 December 2023, Society of American Military Engineers reported income of $10.9m and spending of $10.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $10.9m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of American Military Engineers sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Gow School ($10.9m), Alice L Walton School of Medicine ($10.9m) and Humentum ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $493k (4.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $13.7m against liabilities of $4.2m, net assets of $9.5m. It reported 36 employees.