Aicpa Benevolent Fund Inc

Analysis

Aicpa Benevolent Fund Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1937, 89 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 December 2023, Aicpa Benevolent Fund Inc reported income of $448k and spending of $322k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $448k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aicpa Benevolent Fund Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Millwood School District Enrichment Foundation ($448k), Hermantown Amateur Hockey Association Inc ($448k) and Akron-Princeville Ambulance Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $12.6m against liabilities of $18k, net assets of $12.6m.