Association of Boarding Schools

Analysis

Association of Boarding Schools is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Association of Boarding Schools reported income of $3.6m and spending of $3.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $3.6m (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Boarding Schools sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Short Line Safety Institute ($3.6m), Twin Lakes STEM Academy ($3.6m) and Southern District Federal Defender Program Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $346k (10% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $1.7m, net assets of $871k. It reported 13 employees.