Institute of Management Accountants Inc

Analysis

Institute of Management Accountants Inc is a registered charity in United States, based in Montvale, NJ. It received its IRS tax-exemption ruling in February 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute of Management Accountants Inc reported income of $20.8m and spending of $23.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $22.6m to $20.8m (-7.9%), an average of -2.0% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute of Management Accountants Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Community Work & Independence Inc ($20.7m), Goodwill Industries of the Greater Chattanooga Area ($20.8m) and Mid-Market Foundation ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.8m (7.9% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $47.3m against liabilities of $40.1m, net assets of $7.2m. It reported 132 employees.