National Association of State Budget Officers

Analysis

National Association of State Budget Officers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Association of State Budget Officers reported income of $2.2m and spending of $2.5m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, National Association of State Budget Officers sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include Jefferson Community Foundation ($2.2m), Aorn Foundation ($2.2m) and Live2540 Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $239k (9.7% of expenses). Other salaries and wages came to $887k. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.2m. It reported 9 employees.