National Association of Boards of Pharmacy

Analysis

National Association of Boards of Pharmacy is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in August 1985, 41 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 Boards of Pharmacy reported income of $44.6m and spending of $43.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.9m to $44.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 90% 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 Boards of Pharmacy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Voter Registration Project ($44.6m), National Association of Corporate Directors ($44.8m) and The Mental Health Center of Greater Manchester Inc ($44.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.7m (3.9% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $125.9m against liabilities of $11.0m, net assets of $114.9m. It reported 221 employees.