US Partnership for Assured Electronics

Analysis

US Partnership for Assured Electronics is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2024, 2 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, US Partnership for Assured Electronics reported income of $565k and spending of $1.1m, spending 191% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $268k to $565k (+111%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 176% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, US Partnership for Assured Electronics sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Freedomtainment ($565k), Texas Alliance for Life Trust Fund ($565k) and On Stage Vacaville ($564k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 32% of the total. Other salaries and wages came to $250k. At year end it held assets of $538k against liabilities of $1.5m, net assets of -$946k.

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.