Regulatory Affairs Professionals Society

Analysis

Regulatory Affairs Professionals Society is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Regulatory Affairs Professionals Society reported income of $15.0m and spending of $14.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $15.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regulatory Affairs Professionals Society sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Standing Rock Community Grant School ($15.0m), Hartford Healthcare Independence at Home Inc ($15.0m) and University of North Florida Training & Services Institute Inc ($15.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.1m (7.5% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $12.2m against liabilities of $7.2m, net assets of $5.0m. It reported 66 employees.