International Society of Offshore and Polar Engineers

Analysis

International Society of Offshore and Polar Engineers is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover science and technology, 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, International Society of Offshore and Polar Engineers reported income of $941k and spending of $758k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $677k to $941k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Society of Offshore and Polar Engineers sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include St Joseph Museum ($941k), Taos School of Music Incorporated ($941k) and Wilmington Drama League Inc ($940k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $140k. At year end it held assets of $6.2m against liabilities of $3,491, net assets of $6.2m. It reported 4 employees.