Business Professionals of America

Analysis

Business Professionals of America is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Business Professionals of America reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.2m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to June 2020, when income dropped by 65%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Professionals of America sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Center of Excellence Properties Fund ($2.2m), Club for Growth Foundation Inc ($2.2m) and Codefi Foundation on Rural Innovation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $222k (9.8% of expenses). Other salaries and wages came to $380k. At year end it held assets of $1.3m against liabilities of $249k, net assets of $1.1m. It reported 9 employees.