Association of School Business Officials International

Analysis

Association of School Business Officials International is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in April 1988, 38 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Association of School Business Officials International reported income of $2.5m and spending of $2.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.5m (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 119%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association of School Business Officials International 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 88th percentile within WA. Charities of a similar size with the same main cause include Southeast Neighborhood Development Inc ($2.5m), Child Abuse Prevention Council of Contra Costa County Inc ($2.5m) and Community Matters ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $183k (7.0% of expenses). Other salaries and wages came to $380k. At year end it held assets of $911k against liabilities of $396k, net assets of $516k. It reported 12 employees.