American Society of Heating Refrigerating & A-C Engineers

Analysis

American Society of Heating Refrigerating & A-C Engineers is a registered charity in United States, based in Rancho Mirage, CA. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, American Society of Heating Refrigerating & A-C Engineers reported income of $196k and spending of $155k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $129k to $196k (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 271%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Society of Heating Refrigerating & A-C Engineers sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Socorro County Options Prevention & Education ($196k), Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($196k) and A Bed and a Book ($196k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 5.1% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.