Eastern Association of College & University Business Officers

Analysis

Eastern Association of College & University Business Officers is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in May 1979, 47 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 December 2023, Eastern Association of College & University Business Officers reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.0m (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income rose by 428%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Association of College & University Business Officers sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Northern Rockies Conservation Cooperative ($1.0m), Thrift Shop Inc ($1.0m) and Kansas Ffa Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.1m against liabilities of $114k, net assets of $962k.

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.