National Association of Independent Schools Inc

Analysis

National Association of Independent Schools Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Association of Independent Schools Inc reported income of $23.0m and spending of $22.5m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $21.2m to $23.0m (+8.7%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association of Independent Schools Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Vietnam Veterans of San Diego ($23.0m), Suncoast Manor Retirement Community Inc ($23.1m) and Northern Kentucky Community Action Commisson Inc ($23.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.1m (9.3% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $59.2m against liabilities of $13.7m, net assets of $45.5m. It reported 60 employees.