Association of School Business Officials International

Analysis

Association of School Business Officials International is a registered charity in United States, based in Lansing, MI. 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 June 2023, Association of School Business Officials International reported income of $5.0m and spending of $3.7m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $5.0m (+93%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 85% 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 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include River Bend Transit ($5.0m), Central Minnesota Christian School ($5.0m) and Braxton County Senior Citizen Center Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $325k (8.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.1m against liabilities of $559k, net assets of $7.5m. It reported 14 employees.