National Apartment Association Education Institute

Analysis

National Apartment Association Education Institute is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Apartment Association Education Institute reported income of $3.8m and spending of $3.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.8m (+9.7%), an average of +2.3% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Apartment Association Education Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Francis Heights Inc ($3.8m), German St Vincent Orphan Association ($3.8m) and Lake Johanna Volunteer Fire Department ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $226k (6.5% of expenses). Other salaries and wages came to $662k. At year end it held assets of $7.6m against liabilities of $788k, net assets of $6.8m. It reported 9 employees.