American Welding Society Inc

American Welding Society Inc. maintains strong financial health with consistent asset growth and no reported officer compensation.

EIN: 130434890 · Doral, FL · NTEE: S410 · Updated: 2026-03-28

$47.6MRevenue

$167.3MAssets

85/100Mission Score (Excellent)

S410

About American Welding Society Inc

American Welding Society Inc (EIN: 130434890) is a nonprofit organization based in Doral, FL, classified under NTEE code S410. The organization reported total revenue of $47.6M and total assets of $167.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Welding Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The American Welding Society Inc. demonstrates strong financial health and consistent growth in assets over the past decade, reaching $167,266,956 in the latest period. The organization consistently operates with a surplus, as seen in 2023 where revenue was $45,359,812 against expenses of $40,069,271, indicating sound financial management. Their liabilities remain a small fraction of their assets, suggesting a stable financial position.

While specific program spending percentages are not detailed in the provided summary, the consistent operational surplus and significant asset base suggest a well-resourced organization. The absence of reported officer compensation across all filings is a notable point regarding executive remuneration, which could indicate a volunteer-led executive board or that compensation is reported under other categories not specified here. Further detail on functional expenses would be needed to fully assess spending efficiency.

Overall, the American Welding Society Inc. appears to be a financially robust organization with a strong balance sheet and a history of responsible financial operations. The lack of reported officer compensation in the provided data is a unique characteristic that contributes to a perception of fiscal prudence, though a deeper dive into their functional expense breakdown would provide a more complete picture of their spending efficiency and transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates American Welding Society Inc 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: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, American Welding Society Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation across all periods, which is highly unusual for an organization of this size with annual revenues exceeding $40 million. This suggests either a volunteer-led executive team or that executive compensation is categorized differently within the filings, warranting further investigation for full transparency.

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 Welding Society Inc's IRS 990 filings:

Lack of detailed functional expense breakdown in summary data makes full spending efficiency assessment difficult.
0% reported officer compensation for an organization of this size is unusual and may require further scrutiny of compensation reporting categories.

Strengths

The following positive indicators were identified for American Welding Society Inc:

Consistent revenue growth over the past decade, from $36,973,479 in 2014 to $47,593,345 currently.
Significant and consistent asset growth, more than doubling in the last decade to $167,266,956.
Consistently operates with a financial surplus, indicating strong financial management (e.g., $5,290,541 surplus in 2023).
Low liabilities relative to assets, demonstrating a very strong balance sheet and financial stability.
No reported officer compensation across all filings, suggesting fiscal prudence or a unique executive compensation structure.

Frequently Asked Questions about American Welding Society Inc

Is American Welding Society Inc. a good charity?

Based on the provided financial data, the American Welding Society Inc. appears to be a financially sound organization with consistent revenue growth, significant assets, and a history of operating with a surplus. The absence of reported officer compensation is a positive indicator of fiscal prudence. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a complete assessment of its charitable effectiveness is limited.

How does American Welding Society Inc. manage its finances?

The organization demonstrates strong financial management, consistently generating more revenue than expenses. For example, in 2023, revenue was $45,359,812 against expenses of $40,069,271, resulting in a surplus. Its assets have grown significantly from $65,070,294 in 2014 to $167,266,956 currently, indicating effective asset accumulation and investment.

What is the trend in American Welding Society Inc.'s assets and liabilities?

The organization shows a strong upward trend in assets, more than doubling from $65,070,294 in 2014 to $167,266,956 currently. Liabilities have also increased but at a much slower rate, remaining a small percentage of total assets (e.g., $9,543,722 in liabilities against $152,077,771 in assets in 2023), indicating a very healthy balance sheet.

Filing History

IRS 990 filing history for American Welding Society Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), American Welding Society Inc's revenue has grown by 64.1%, moving from $27.6M to $45.4M. Total assets increased by 184% over the same period, from $53.6M to $152.1M. Total functional expenses rose by 102.7%, from $19.8M to $40.1M. In its most recent filing year (2023), American Welding Society Inc reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $9.5M in liabilities against $152.1M in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $142.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$45.4M	$40.1M	$152.1M	$9.5M	—	View 990
2022	$41.6M	$30.5M	$131.6M	$8.6M	—	View 990
2021	$41.7M	$27.9M	$147.6M	$7.6M	—	View 990
2020	$36.6M	$26.6M	$132.7M	$7.0M	—	View 990
2019	$43.9M	$31.4M	$113.9M	$8.4M	—	View 990
2018	$42.8M	$32.2M	$96.0M	$7.3M	—	View 990
2017	$41.8M	$31.3M	$94.1M	$7.1M	—	View 990
2016	$41.6M	$29.4M	$83.2M	$6.3M	—	View 990
2015	$41.9M	$28.9M	$74.0M	$6.3M	—	View 990
2014	$37.0M	$26.2M	$65.1M	$5.1M	—	View 990
2012	$33.7M	$22.9M	$65.5M	$4.4M	—	View 990
2011	$27.6M	$19.8M	$53.6M	$4.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $45.4M, expenses of $40.1M, and assets of $152.1M (revenue +9.0% year-over-year).
2022: Revenue of $41.6M, expenses of $30.5M, and assets of $131.6M (revenue -0.2% year-over-year).
2021: Revenue of $41.7M, expenses of $27.9M, and assets of $147.6M (revenue +13.9% year-over-year).
2020: Revenue of $36.6M, expenses of $26.6M, and assets of $132.7M (revenue -16.5% year-over-year).
2019: Revenue of $43.9M, expenses of $31.4M, and assets of $113.9M (revenue +2.5% year-over-year).
2018: Revenue of $42.8M, expenses of $32.2M, and assets of $96.0M (revenue +2.3% year-over-year).
2017: Revenue of $41.8M, expenses of $31.3M, and assets of $94.1M (revenue +0.6% year-over-year).
2016: Revenue of $41.6M, expenses of $29.4M, and assets of $83.2M (revenue -0.7% year-over-year).
2015: Revenue of $41.9M, expenses of $28.9M, and assets of $74.0M (revenue +13.2% year-over-year).
2014: Revenue of $37.0M, expenses of $26.2M, and assets of $65.1M (revenue +9.8% year-over-year).
2012: Revenue of $33.7M, expenses of $22.9M, and assets of $65.5M (revenue +21.8% year-over-year).
2011: Revenue of $27.6M, expenses of $19.8M, and assets of $53.6M.

Data Sources and Methodology

This transparency report for American Welding Society Inc 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.