New York · Nonprofit
THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS
THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS (New York) receives grants from 16 organizations whose IRS filings report $2,165,714 to it, the largest being IMPACTASSETSINC ($1,180,000). 6 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $137M
- Funders on record
- 16
- Grants received
- $2.2M
- Net assets
- $168M
What The American Society of Mechanical Engineers does
Mission
The mission of The American Society of Mechanical Engineers ("asme") is to advance engineering for the benefit of humanity.
As stated on its FY2025 Form 990.
Programs
Technical events & content and institutes- asme annually performs research on technical mechanical engineering issues, and holds technical meetings and conferences for mechanical engineers on a varity of mechanical engineering topics and subjects.
$23,582,741 spentof which $1,850,185 as grants$11,911,896 earned by the program27% of program spendingStandards operations- asme establishes and publishes public safety related industrial and manufacturing codes and standards for the design, manufacturing, and installation of mechanical devices. The principal product affecting revenue and expenses is the society's boiler and pressure vessel code (the boiler code).
$14,730,201 spent$53,036,331 earned by the program17% of program spendingEngineering operations- asme hosts programs under which a company or an individual is assessed and certified based on demonstrated ability to meet the requirements of an asme standard. These conformity assessments continue to provide a service vital to the enhancement of public safety and facilitation of international commerce.
$19,035,750 spent$39,078,013 earned by the program22% of program spendingPublications- asme produces and prepares the technical content of the society for public distribution and sale in the form of journals, conference proceedings and books, both in print and electronic media.
$14,494,212 spent$10,870,691 earned by the program17% of program spendingPrograms- asme hosts conferences and workshops to help identify emerging issues of interest to members and the engineering profession at large.
$846,932 spent1% of program spendingLearning & development- asme provides continuing education courses for engineering and the technical workforce.
$8,079,573 spent$5,779,976 earned by the program9% of program spendingConstituent engagement- asme offers professional and student mechanical engineering society memberships. In exchange for dues payments, the member receives several membership benefits including, but not limited to, monthly subscription to 'mechanical engineer' magazine, free access to on-line reference tools, free subscription to daily e-newsletter, and discounts on asme publications, continuing education and conference registrations.
$3,664,877 spent$2,540,748 earned by the program4% of program spendingMisc./other programs
$3,214,499 spent$1,969,071 earned by the program4% of program spending
The 8 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $87,648,785.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $169M to $251M (+48%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10% · 2022 0% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.
1% of THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS’s revenue is contributions — about as donation-reliant as the typical peer (36% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Thomas Costabile
Executive director/CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 4 funders, grant income rose $310k → $476k.
8 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 70% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $4.3M from one payer (the payer shares this organization's board, largest The Asme Foundation Inc). These are real filings, and they are not money THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS raised.
From the IRS filings of THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS leans on a few funders — its largest provides 54% of grant income and the top three 80%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS.
Largest funder’s share by year: 2017 81% · 2018 77% · 2019 76% · 2020 43% · 2021 60% · 2022 65% · 2023 90% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
38% of THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS's funders are still giving 3 years after their first grant; 38% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
70% of THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $649k that is directly attributable, 100% of it comes from funders outside New York, across 8 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.5M arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS runs a healthier operating margin than three-quarters of the 29 science & tech nonprofits its size.
this organization peer median middle 50% of peers· 29 science & tech nonprofits over $100M, FY2025
Government funding THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.0M on record.
- Department of Defense$1.3M
- National Science Foundation$295k
- National Aeronautics and Space Administration$271k
- Department of Homeland Security$152k
- Department of Commerce$65k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
71% of spending goes to programs.
Governance
Public support
67%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 3 states
Part of a family of 14 related entities
- Asme Innovative Technologies Institute LLC · disregarded
- Asme Standards Technology LLC · disregarded
- Asme Asia Pacific LLC · disregarded
- Asme Engineering for Change LLC · disregarded
- Asme Personnel Certifications LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS?
- THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS (New York) receives grants from 16 organizations whose IRS filings report $2,165,714 to it, the largest being IMPACTASSETSINC ($1,180,000). 6 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS have?
- IRS filings report 16 organizations giving $2,165,714 in grants to THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS, 6 of which have funded it in more than one year.
- Who is the largest funder of THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS?
- IMPACTASSETSINC is the largest funder on record, with $1,180,000 in grants. The full list of funders is on this page.
- How can an organization like THE AMERICAN SOCIETY OF MECHANICAL ENGINEERS find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 16 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing