Association of Social Work Boards

Analysis

Association of Social Work Boards is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Association of Social Work Boards reported income of $22.6m and spending of $21.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.6m to $22.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of Social Work Boards 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 97th percentile within VA. Charities of a similar size with the same main cause include The John H Boner Community Center Inc ($22.6m), The Association of Illiana Christian High School of Indiana ($22.6m) and Hardin County Regional Health Center ($22.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $513k (2.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $47.2m against liabilities of $5.7m, net assets of $41.5m. It reported 52 employees.