Society of Photo Optical Instrumentation Engineer

Analysis

Society of Photo Optical Instrumentation Engineer is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in July 1971, 55 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 Photo Optical Instrumentation Engineer reported income of $52.7m and spending of $51.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.1m to $52.7m (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Photo Optical Instrumentation Engineer sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WA. Charities of a similar size with the same main cause include Network for Hope Inc ($52.7m), Northeast Kingdom Human Services Inc ($52.7m) and Fostoria Hospital Association ($52.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.4m (4.7% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $136.7m against liabilities of $33.3m, net assets of $103.4m. It reported 204 employees.