National Institute of Governmental Purchasing Inc

Analysis

National Institute of Governmental Purchasing Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in October 1945, 81 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, National Institute of Governmental Purchasing Inc reported income of $7.7m and spending of $7.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $7.7m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Institute of Governmental Purchasing Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Midwest Women and Childrens Services ($7.7m), Center for Prevention of Abuse ($7.7m) and Louisiana Asset Management Pool Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $322k (4.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.4m against liabilities of $3.7m, net assets of $2.7m. It reported 32 employees.