Southern Association of College and University Business Officers Inc

Analysis

Southern Association of College and University Business Officers Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Southern Association of College and University Business Officers Inc reported income of $1.3m and spending of $1.5m, spending 115% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.0m to $1.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to May 2022, when income rose by 75%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Association of College and University Business Officers Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Vera House Inc ($1.3m), Trout Unlimited ($1.3m) and Another Way Inc ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $1.4m against liabilities of $336k, net assets of $1.0m.