National Association of Educational Procurement Inc

Analysis

National Association of Educational Procurement Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, National Association of Educational Procurement Inc reported income of $2.6m and spending of $1.9m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.6m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 96% 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 Educational Procurement Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Abide Network Inc ($2.6m), Milwaukee Youth Symphony Orchestra Inc ($2.6m) and Detroit Skating Club Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $60k (3.1% of expenses). Other salaries and wages came to $442k. At year end it held assets of $2.0m against liabilities of $727k, net assets of $1.3m. It reported 8 employees.