Society for Advancement of Management

Analysis

Society for Advancement of Management is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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, Society for Advancement of Management reported income of $81k and spending of $119k, spending 147% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $73k to $81k (+11%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 147% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Advancement of Management sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Prescott Firefighters Charities Inc ($81k), PTA Texas Congress ($81k) and Hartford Food Pantry ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.