United States Association for Small Business and Entrepreneurship

Analysis

United States Association for Small Business and Entrepreneurship is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2023, United States Association for Small Business and Entrepreneurship reported income of $679k and spending of $792k, spending 117% of what it took in. Across the 5 years on record, from February 2020 to June 2023, income fell from $828k to $679k (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 2710%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United States Association for Small Business and Entrepreneurship sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Fresno & Vicinity Sheet Metal Industry Apprent & Train TR Fund ($678k), Notre Dame Academy Foundation ($679k) and Friends of Hockessin Colored School 107 Inc ($678k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $130k (16% of expenses). Other salaries and wages came to $129k. At year end it held assets of $858k against liabilities of $161k, net assets of $697k. It reported 4 employees.

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.