American Institute of Certified Public Accountants Foundation

Analysis

American Institute of Certified Public Accountants Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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 December 2023, American Institute of Certified Public Accountants Foundation reported income of $1.4m and spending of $2.3m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 185% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Institute of Certified Public Accountants Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Arkansas Good Start Inc ($1.4m), Whiteville Jaycee Rescue Unit Inc ($1.4m) and Lee Homes Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $8.8m against liabilities of $582k, net assets of $8.2m.

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.