#278 of 500 · Trade, Professional & Labor

American Bureau Of Shipping

EIN 13-4921556 · TX · NTEE n/a · Form 990, fiscal 2023

A maritime classification society founded in 1862 and headquartered in Spring, Texas. A nonprofit organization, it develops standards (the ABS Rules & Guides) and provides classification and certification services verifying that ships, offshore structures, and marine assets meet requirements for design, construction, and operational maintenance. ABS is one of the world's largest classification societies, classing thousands of commercial vessels and offshore facilities.

Financials, fiscal 2023

Revenue

$541.5M

Expenses

$479.5M

Total assets

$2.12B

Net assets

$1.78B

Operating margin

11.5%

1-year growth

11.0%

5-year growth (CAGR)

4.6%

Reserve (years of spending)

44.5

Contributions share

n/a

Programme spending

88.2%

Fundraising cost

n/a

Executive pay share

4.28%

Employees

1,098

Revenue per employee

$493K

Grants paid

$3.5M

Years filing

104

NFP Health Score: 77 / 100

Financial 58 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To promote the security of life, property, and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine and offshore assets.

Revenue history