Texas Association of School Business Officials

Analysis

Texas Association of School Business Officials is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2011, 15 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 August 2023, Texas Association of School Business Officials reported income of $9.8m and spending of $8.2m, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.4m to $9.8m (+32%), an average of +7.1% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Texas Association of School Business Officials sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Genesys Works ($9.8m), Multicultural Learning Center ($9.8m) and Lincoln Academy Charter School ($9.8m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $856k (10% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $15.1m against liabilities of $987k, net assets of $14.1m. It reported 31 employees.