American Institute Of Chemical Engineers
American Institute Of Chemical Engineers shows strong asset growth and high program spending despite recent operating deficit.
EIN: 131623892 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78.7M |
| Total Expenses | $51.3M |
| Program Spending | 75% |
| Net Assets | $50.1M |
| Transparency Score | 85/100 |
Is American Institute Of Chemical Engineers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Institute Of Chemical Engineers directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Institute Of Chemical Engineers
American Institute Of Chemical Engineers (EIN: 131623892) is a nonprofit organization based in New York, NY. The organization reported total revenue of $78.7M and total assets of $68.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Institute Of Chemical Engineers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Institute Of Chemical Engineers is a major nonprofit that has been operating for 51 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.5M |
| Total Expenses | $51.3M |
| Surplus / Deficit | $-3,809,988 |
| Total Assets | $63.2M |
| Total Liabilities | $13.1M |
| Net Assets | $50.1M |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, American Institute Of Chemical Engineers reported a deficit of $3.8M with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), American Institute Of Chemical Engineers's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.9% | +0.9% | -4.2% |
| 2022 | +16.3% | +16.2% | -3.9% |
| 2021 | +6.7% | +6.3% | +7.6% |
| 2020 | -1.6% | -9.2% | +22.3% |
| 2019 | +10.1% | +13.2% | +20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Institute Of Chemical Engineers with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, American Institute Of Chemical Engineers allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
The American Institute Of Chemical Engineers consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Institute Of Chemical Engineers's IRS 990 filings:
- Operating deficit in the most recent filing (202312) where expenses ($51,294,290) exceeded revenue ($47,484,302).
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this scale and may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for American Institute Of Chemical Engineers:
- Strong program spending ratio, with approximately 75% of expenses dedicated to program services in 2023.
- Significant asset growth over the past decade, more than doubling from $29.4M in 2014 to $63.1M in 2023.
- Consistent revenue generation, with annual revenues generally increasing over the past 10 years.
- No reported officer compensation, indicating a potential commitment to directing resources to the mission.
Frequently Asked Questions about American Institute Of Chemical Engineers
Is American Institute Of Chemical Engineers a legitimate charity?
American Institute Of Chemical Engineers (EIN: 131623892) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $78.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does American Institute Of Chemical Engineers spend its money?
American Institute Of Chemical Engineers directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to American Institute Of Chemical Engineers tax-deductible?
American Institute Of Chemical Engineers is registered as a tax-exempt nonprofit (EIN: 131623892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Institute Of Chemical Engineers's spending goes to programs?
American Institute Of Chemical Engineers directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is American Institute Of Chemical Engineers located?
American Institute Of Chemical Engineers is headquartered in New York, New York and files with the IRS under EIN 131623892.
How many years of IRS 990 filings does American Institute Of Chemical Engineers have?
American Institute Of Chemical Engineers has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $78.7M in total revenue.
Is American Institute Of Chemical Engineers a good charity?
Based on the available data, AIChE appears to be a well-managed organization with a strong focus on its mission, as evidenced by its high program spending ratio (around 75%) and consistent asset growth. The reported 0% officer compensation is also a positive indicator of resource allocation.
How has AIChE's financial health changed over the last decade?
AIChE has shown significant financial growth over the last decade. Its assets have more than doubled from $29,445,643 in 2014 to $63,183,291 in 2023, and annual revenue has generally increased, though the latest filing shows a temporary operating deficit.
What is the organization's spending efficiency?
The organization demonstrates good spending efficiency, with approximately 75% of its total expenses allocated to program services in the most recent filing (202312), indicating a strong commitment to its core mission.
Filing History
IRS 990 filing history for American Institute Of Chemical Engineers showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), American Institute Of Chemical Engineers's revenue has grown by 65.5%, moving from $28.7M to $47.5M. Total assets increased by 114.6% over the same period, from $29.4M to $63.2M. Total functional expenses rose by 102.4%, from $25.3M to $51.3M. In its most recent filing year (2023), American Institute Of Chemical Engineers reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $13.1M in liabilities against $63.2M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $50.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.5M | $51.3M | $63.2M | $13.1M | — | View 990 |
| 2022 | $59.3M | $50.8M | $65.9M | $17.1M | — | View 990 |
| 2021 | $51.0M | $43.7M | $68.6M | $15.4M | — | View 990 |
| 2020 | $47.8M | $41.1M | $63.7M | $20.7M | — | View 990 |
| 2019 | $48.6M | $45.3M | $52.1M | $17.4M | — | View 990 |
| 2018 | $44.1M | $40.0M | $43.2M | $15.4M | — | View 990 |
| 2017 | $34.4M | $33.2M | $39.8M | $12.6M | — | View 990 |
| 2016 | $35.2M | $30.6M | $35.4M | $11.8M | — | View 990 |
| 2015 | $27.8M | $27.0M | $28.8M | $11.8M | — | View 990 |
| 2014 | $28.7M | $25.3M | $29.4M | $11.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.5M, expenses of $51.3M, and assets of $63.2M (revenue -19.9% year-over-year).
- 2022: Revenue of $59.3M, expenses of $50.8M, and assets of $65.9M (revenue +16.3% year-over-year).
- 2021: Revenue of $51.0M, expenses of $43.7M, and assets of $68.6M (revenue +6.7% year-over-year).
- 2020: Revenue of $47.8M, expenses of $41.1M, and assets of $63.7M (revenue -1.6% year-over-year).
- 2019: Revenue of $48.6M, expenses of $45.3M, and assets of $52.1M (revenue +10.1% year-over-year).
- 2018: Revenue of $44.1M, expenses of $40.0M, and assets of $43.2M (revenue +28.3% year-over-year).
- 2017: Revenue of $34.4M, expenses of $33.2M, and assets of $39.8M (revenue -2.5% year-over-year).
- 2016: Revenue of $35.2M, expenses of $30.6M, and assets of $35.4M (revenue +27.0% year-over-year).
- 2015: Revenue of $27.8M, expenses of $27.0M, and assets of $28.8M (revenue -3.2% year-over-year).
- 2014: Revenue of $28.7M, expenses of $25.3M, and assets of $29.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Institute Of Chemical Engineers:
Data Sources and Methodology
This transparency report for American Institute Of Chemical Engineers is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.