Society of Tribologists & Lubrication Engineers

Analysis

Society of Tribologists & Lubrication Engineers is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Society of Tribologists & Lubrication Engineers reported income of $65k and spending of $74k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $52k to $65k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society of Tribologists & Lubrication Engineers sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Canandaigua Community Sailing Inc ($65k), Bloom Again Foundation ($65k) and Parent Booster USA Inc ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 55% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.