National Association of Boards of Pharmacy Foundation Inc

Analysis

National Association of Boards of Pharmacy Foundation Inc is a registered charity in United States, based in Mt Prospect, IL. It received its IRS tax-exemption ruling in November 1969, 57 years ago. The IRS classifies it as a supporting organisation 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 Foundation Inc reported income of $271k and spending of $600k, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $355k to $271k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2022, when income rose by 178%. 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, National Association of Boards of Pharmacy Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include St Marks Episcopal Housing Development Corporation ($271k), Volunteers of America Inc ($271k) and American Clan Gregor Society Charity and Education Fund ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 51% of the total. Other salaries and wages came to $226k. At year end it held assets of $5.7m against liabilities of $941k, net assets of $4.7m.