North Carolina Association of School Business Officials

Analysis

North Carolina Association of School Business Officials is a registered charity in United States, based in Rockingham, NC. It received its IRS tax-exemption ruling in May 1984, 42 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 2024, North Carolina Association of School Business Officials reported income of $2.7m and spending of $2.3m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $391k to $2.7m (+587%), an average of +62% a year. The sharpest change came in the year to June 2023, when income rose by 231%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Association of School Business Officials 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 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Childrens Lighthouse Childcare Lear Ning Center of People of Faith Inc ($2.7m), Girls Incorporated of New Hampshire ($2.7m) and Saint Elizabeth Place Providence ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $100k (4.4% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.1m against liabilities of $6,085, net assets of $1.1m. It reported 3 employees.