American Society for Precision Engineering Inc

Analysis

American Society for Precision Engineering Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1988, 38 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, American Society for Precision Engineering Inc reported income of $554k and spending of $567k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $554k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society for Precision Engineering Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Kairos University a Campus of America Evangelical University ($554k), Special Medical Response Team ($554k) and Ayala Band and Color Guard Boosters ($554k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Other salaries and wages came to $13k. At year end it held assets of $272k against liabilities of $6,142, net assets of $265k. It reported 2 employees.