American Accounting Association

Analysis

American Accounting Association is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in August 1959, 67 years ago. 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 May 2023, American Accounting Association reported income of $9.6m and spending of $9.7m, spending 101% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $10.3m to $9.6m (-6.8%), an average of -2.3% a year. The sharpest change came in the year to May 2021, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Accounting Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include WJCT Inc ($9.6m), Jeffrey Modell Foundation Inc ($9.6m) and Coast Guard Mutual Assistance Incorporated ($9.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 9.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $849k (8.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $13.2m against liabilities of $3.7m, net assets of $9.5m. It reported 36 employees.