American Society Of Mechanical Engineers
American Society of Mechanical Engineers shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 131623899 · New York, NY · NTEE: U030 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $154.8M |
| Total Expenses | $130.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $150.0M |
| Transparency Score | 75/100 |
Is American Society Of Mechanical Engineers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Society Of Mechanical Engineers directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Society Of Mechanical Engineers
American Society Of Mechanical Engineers (EIN: 131623899) is a nonprofit organization based in New York, NY, classified under NTEE code U030. The organization reported total revenue of $154.8M and total assets of $226.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Society Of Mechanical Engineers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Society Of Mechanical Engineers is a major nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160.5M |
| Total Expenses | $130.1M |
| Surplus / Deficit | +$30.4M |
| Total Assets | $250.7M |
| Total Liabilities | $100.7M |
| Net Assets | $150.0M |
| Operating Margin | 18.9% |
| Debt-to-Asset Ratio | 40.2% |
| Months of Reserves | 23.1 months |
Financial Health Grade: A
In 2023, American Society Of Mechanical Engineers reported a surplus of $30.4M with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 40.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Society Of Mechanical Engineers's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.3% | +32.5% | +48.5% |
| 2022 | +20.2% | +11.7% | -4.9% |
| 2021 | -6.4% | -18.7% | +17.2% |
| 2020 | -6.4% | +3.4% | -7.8% |
| 2019 | +8.2% | +5.1% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
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 Society Of Mechanical Engineers with a Mission Score of 75 out of 100 (Good). 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 Society Of Mechanical 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 surplus of $30.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.2%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Comp across all filings, which is highly unusual for an organization with annual revenues exceeding $100 million. This suggests that executive compensation may be reported under different categories or that the summary data provided does not capture this detail, warranting further investigation into the full IRS Form 990 to understand how executive salaries are accounted for.
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 Society Of Mechanical Engineers's IRS 990 filings:
- No reported officer compensation in summary data, which is highly unusual for an organization of this size and revenue, potentially indicating a lack of transparency in this specific data point.
- Significant increase in liabilities from $55,199,501 in 2022 to $100,734,352 in 2023, warranting further investigation into the nature of these liabilities.
Strengths
The following positive indicators were identified for American Society Of Mechanical Engineers:
- Consistent and strong revenue generation, with revenue growing from $95,811,317 in 2021 to $160,466,638 in 2023.
- Significant asset growth, increasing from $151,530,711 in 2020 to $250,705,240 in 2023, indicating strong financial health and capacity.
- Generally positive net income (revenue exceeding expenses) in most years, demonstrating financial sustainability.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities, indicating good financial stability.
Frequently Asked Questions about American Society Of Mechanical Engineers
Is American Society Of Mechanical Engineers a legitimate charity?
American Society Of Mechanical Engineers (EIN: 131623899) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $154.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does American Society Of Mechanical Engineers spend its money?
American Society Of Mechanical Engineers directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to American Society Of Mechanical Engineers tax-deductible?
American Society Of Mechanical Engineers is registered as a tax-exempt nonprofit (EIN: 131623899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Society Of Mechanical Engineers CEO make?
American Society Of Mechanical Engineers's highest-compensated officer earns $100 annually. The organization reported $154.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Society Of Mechanical Engineers's spending goes to programs?
American Society Of Mechanical Engineers directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Society Of Mechanical Engineers compare to similar nonprofits?
With a transparency score of 75/100 (Good), American Society Of Mechanical Engineers is above average for NTEE category U030 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Society Of Mechanical Engineers located?
American Society Of Mechanical Engineers is headquartered in New York, New York and files with the IRS under EIN 131623899. It is classified under NTEE code U030.
How many years of IRS 990 filings does American Society Of Mechanical Engineers have?
American Society Of Mechanical Engineers has 13 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 $154.8M in total revenue.
How does ASME allocate its expenses between program services, administrative costs, and fundraising?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. To understand ASME's spending efficiency, a review of the full IRS Form 990, specifically Part IX, Statement of Functional Expenses, would be necessary.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% for Officer Comp is highly unusual for an organization of ASME's size and revenue. This could indicate that compensation for key executives is reported under different expense categories, or that the provided summary data is incomplete regarding executive compensation. A detailed review of Schedule J (Compensation Information) and Part VII (Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors) of the full 990 form is needed for clarity.
What is the organization's strategy for managing its liabilities, which reached over $100 million in 2023?
ASME's liabilities reached $100,734,352 in 2023, while assets were $250,705,240. While the assets significantly outweigh liabilities, understanding the nature of these liabilities (e.g., deferred revenue, long-term debt) and the organization's strategy for managing them would provide further insight into financial risk.
Filing History
IRS 990 filing history for American Society Of Mechanical Engineers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Society Of Mechanical Engineers's revenue has grown by 59.6%, moving from $100.6M to $160.5M. Total assets increased by 56.8% over the same period, from $159.9M to $250.7M. Total functional expenses rose by 47.1%, from $88.5M to $130.1M. In its most recent filing year (2023), American Society Of Mechanical Engineers reported a surplus of $30.4M, with revenue exceeding expenses. The organization holds $100.7M in liabilities against $250.7M in assets (debt-to-asset ratio: 40.2%), resulting in net assets of $150.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160.5M | $130.1M | $250.7M | $100.7M | — | — |
| 2022 | $115.2M | $98.2M | $168.8M | $55.2M | — | View 990 |
| 2021 | $95.8M | $87.9M | $177.6M | $62.1M | — | View 990 |
| 2020 | $102.4M | $108.1M | $151.5M | $64.0M | — | View 990 |
| 2019 | $109.3M | $104.5M | $164.3M | $60.2M | — | View 990 |
| 2018 | $101.0M | $99.4M | $180.2M | $71.7M | — | View 990 |
| 2017 | $96.2M | $95.6M | $172.9M | $74.0M | — | — |
| 2016 | $98.0M | $96.7M | $179.7M | $90.9M | — | View 990 |
| 2015 | $101.9M | $99.0M | $176.0M | $82.7M | — | View 990 |
| 2014 | $102.4M | $100.6M | $189.2M | $84.0M | — | View 990 |
| 2013 | $92.3M | $94.6M | $164.1M | $73.2M | — | View 990 |
| 2012 | $99.2M | $95.3M | $155.8M | $77.1M | — | View 990 |
| 2011 | $100.6M | $88.5M | $159.9M | $70.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160.5M, expenses of $130.1M, and assets of $250.7M (revenue +39.3% year-over-year).
- 2022: Revenue of $115.2M, expenses of $98.2M, and assets of $168.8M (revenue +20.2% year-over-year).
- 2021: Revenue of $95.8M, expenses of $87.9M, and assets of $177.6M (revenue -6.4% year-over-year).
- 2020: Revenue of $102.4M, expenses of $108.1M, and assets of $151.5M (revenue -6.4% year-over-year).
- 2019: Revenue of $109.3M, expenses of $104.5M, and assets of $164.3M (revenue +8.2% year-over-year).
- 2018: Revenue of $101.0M, expenses of $99.4M, and assets of $180.2M (revenue +5.0% year-over-year).
- 2017: Revenue of $96.2M, expenses of $95.6M, and assets of $172.9M (revenue -1.9% year-over-year).
- 2016: Revenue of $98.0M, expenses of $96.7M, and assets of $179.7M (revenue -3.7% year-over-year).
- 2015: Revenue of $101.9M, expenses of $99.0M, and assets of $176.0M (revenue -0.6% year-over-year).
- 2014: Revenue of $102.4M, expenses of $100.6M, and assets of $189.2M (revenue +11.0% year-over-year).
- 2013: Revenue of $92.3M, expenses of $94.6M, and assets of $164.1M (revenue -7.0% year-over-year).
- 2012: Revenue of $99.2M, expenses of $95.3M, and assets of $155.8M (revenue -1.3% year-over-year).
- 2011: Revenue of $100.6M, expenses of $88.5M, and assets of $159.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Society Of Mechanical Engineers:
Data Sources and Methodology
This transparency report for American Society Of Mechanical 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.