Society For Experimental Mechanics
EIN: 60763080 · Bethel, CT
Is Society For Experimental Mechanics Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Society For Experimental Mechanics
Society For Experimental Mechanics (EIN: 60763080) is a nonprofit organization based in Bethel, CT. The organization reported total revenue of $1.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society For Experimental Mechanics's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society For Experimental Mechanics is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$82K |
| Total Assets | $1.9M |
| Total Liabilities | $393K |
| Net Assets | $1.5M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 20.7% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Society For Experimental Mechanics reported a surplus of $82K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Society For Experimental Mechanics's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | -0.7% | +23.4% |
| 2022 | +62.3% | +60.3% | -5.9% |
| 2021 | -24.5% | -15.0% | +11.0% |
| 2020 | -25.7% | -9.0% | -8.2% |
| 2019 | +13.6% | -0.7% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Society For Experimental Mechanics has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Society For Experimental Mechanics with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.7%.
Frequently Asked Questions about Society For Experimental Mechanics
Is Society For Experimental Mechanics a legitimate charity?
Based on AI analysis of IRS 990 filings, Society For Experimental Mechanics (EIN: 60763080) insufficient data. 0 red flags identified, 0 strengths noted.
How does Society For Experimental Mechanics spend its money?
Detailed spending breakdown data is not yet available for Society For Experimental Mechanics. Check back for updated IRS 990 analysis.
Are donations to Society For Experimental Mechanics tax-deductible?
Society For Experimental Mechanics is registered as a tax-exempt nonprofit (EIN: 60763080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Society For Experimental Mechanics showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society For Experimental Mechanics's revenue has grown by 42.9%, moving from $885K to $1.3M. Total assets increased by 267.9% over the same period, from $515K to $1.9M. Total functional expenses rose by 32.1%, from $895K to $1.2M. In its most recent filing year (2023), Society For Experimental Mechanics reported a surplus of $82K, with revenue exceeding expenses. The organization holds $393K in liabilities against $1.9M in assets (debt-to-asset ratio: 20.7%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $1.9M | $393K | — | View 990 |
| 2022 | $1.2M | $1.2M | $1.5M | $218K | — | View 990 |
| 2021 | $746K | $743K | $1.6M | $151K | — | View 990 |
| 2020 | $988K | $874K | $1.5M | $10K | — | View 990 |
| 2019 | $1.3M | $960K | $1.6M | $318K | — | View 990 |
| 2018 | $1.2M | $967K | $1.2M | $377K | — | View 990 |
| 2017 | $1.1M | $923K | $908K | $232K | — | View 990 |
| 2016 | $1.0M | $846K | $849K | $337K | — | View 990 |
| 2015 | $957K | $890K | $648K | $314K | — | View 990 |
| 2014 | $926K | $879K | $546K | $280K | — | View 990 |
| 2013 | $931K | $931K | $503K | $284K | — | View 990 |
| 2012 | $907K | $877K | $477K | $259K | — | View 990 |
| 2011 | $885K | $895K | $515K | $327K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M (revenue +4.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $1.5M (revenue +62.3% year-over-year).
- 2021: Revenue of $746K, expenses of $743K, and assets of $1.6M (revenue -24.5% year-over-year).
- 2020: Revenue of $988K, expenses of $874K, and assets of $1.5M (revenue -25.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $960K, and assets of $1.6M (revenue +13.6% year-over-year).
- 2018: Revenue of $1.2M, expenses of $967K, and assets of $1.2M (revenue +7.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $923K, and assets of $908K (revenue +6.1% year-over-year).
- 2016: Revenue of $1.0M, expenses of $846K, and assets of $849K (revenue +7.0% year-over-year).
- 2015: Revenue of $957K, expenses of $890K, and assets of $648K (revenue +3.3% year-over-year).
- 2014: Revenue of $926K, expenses of $879K, and assets of $546K (revenue -0.5% year-over-year).
- 2013: Revenue of $931K, expenses of $931K, and assets of $503K (revenue +2.7% year-over-year).
- 2012: Revenue of $907K, expenses of $877K, and assets of $477K (revenue +2.5% year-over-year).
- 2011: Revenue of $885K, expenses of $895K, and assets of $515K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society For Experimental Mechanics:
Data Sources and Methodology
This transparency report for Society For Experimental Mechanics 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.