American Society for Training and Development

Analysis

American Society for Training and Development is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, American Society for Training and Development reported income of $44.7m and spending of $42.4m, spending 95% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $46.3m to $44.7m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Society for Training and Development sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Goodwill Industries of Greater Grand Rapids Inc ($44.6m), Southeast Community Capital Corporation ($45.2m) and Operating Engineers Local 150 Apprenticeship Fund ($44.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1.7m (4.0% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $65.2m against liabilities of $24.6m, net assets of $40.6m. It reported 207 employees.