Association of School Business Officials International

Analysis

Association of School Business Officials International is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2022, Association of School Business Officials International reported income of $4.3m and spending of $4.9m, spending 114% of what it took in. Across the 3 years on record, from March 2020 to March 2022, income fell from $4.7m to $4.3m (-8.8%), an average of -4.5% a year. The sharpest change came in the year to March 2021, when income dropped by 24%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of School Business Officials International sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Tidewater Community College Educational Foundation Inc ($4.3m), Tully Hill Corporation ($4.3m) and Childrens Center ($4.3m).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 31% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $772k (16% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.4m against liabilities of $1.7m, net assets of $7.7m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.