Society for the Advancement of Material & Process Engineers

Analysis

Society for the Advancement of Material & Process Engineers is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in February 1972, 54 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 June 2023, Society for the Advancement of Material & Process Engineers reported income of $194k and spending of $203k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $220k to $194k (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for the Advancement of Material & Process Engineers sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Koronis Lake Association Inc ($194k), Great River Honor Flight ($194k) and Henry E & Nancy H Bartels Trust Fbo Cornell University ($194k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 59% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.