National Association of Student Financial Aid Administrators

Analysis

National Association of Student Financial Aid Administrators is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1976, 50 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 June 2023, National Association of Student Financial Aid Administrators reported income of $11.1m and spending of $9.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $11.1m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Association of Student Financial Aid Administrators 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 95th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Iu Medical Group Foundation Inc ($11.1m), Chicago Bar Foundation ($11.1m) and Inroads Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $719k (7.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $25.9m against liabilities of $10.6m, net assets of $15.3m. It reported 52 employees.