American Board of Funeral Service Education Inc

Analysis

American Board of Funeral Service Education Inc is a registered charity in United States, based in Woodbury HTS, NJ. It received its IRS tax-exemption ruling in January 1964, 62 years ago. Its declared purposes cover mutual and membership 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 September 2022, American Board of Funeral Service Education Inc reported income of $699k and spending of $545k, leaving 22% of income unspent that year. Across the 4 years on record, from September 2019 to September 2022, income grew from $681k to $699k (+2.6%), an average of +0.9% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Board of Funeral Service Education Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Big Brothers-Big Sisters Foundation of the Suncoast Inc ($699k), Rice County Council on Aging ($699k) and Ozark Rape Crisis Inc ($699k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 4.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $117k (22% of expenses). Other salaries and wages came to $82k. At year end it held assets of $2.2m against liabilities of $484k, net assets of $1.7m. It reported 3 employees.