New York State Association of School Business Officials

Analysis

New York State Association of School Business Officials is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in June 2011, 15 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, New York State Association of School Business Officials reported income of $2.0m and spending of $2.4m, spending 123% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.0m (-19%), an average of -6.7% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. 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, New York State Association of School Business Officials sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Memphis Electrical Joint Apprenticeship & Training Committe ($2.0m), Dawson College Foundation ($2.0m) and Brazos Youth Livestock Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $207k (8.6% of expenses). Other salaries and wages came to $594k. At year end it held assets of $4.3m against liabilities of $553k, net assets of $3.8m. It reported 11 employees.