National Association of Secretaries of State Inc

Analysis

National Association of Secretaries of State Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Association of Secretaries of State Inc reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Association of Secretaries of State Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include Jericho Partnership Inc ($1.5m), Assisting Lives in Las Vegas ($1.5m) and Pipeline Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $239k (19% of expenses). Other salaries and wages came to $463k. At year end it held assets of $1.8m against liabilities of $527k, net assets of $1.3m. It reported 6 employees.