Institute of Management Accountants Memorial Education Fund Inc

Analysis

Institute of Management Accountants Memorial Education Fund Inc is a registered charity in United States, based in Montvale, NJ. It received its IRS tax-exemption ruling in April 1986, 40 years ago. The IRS classifies it as a supporting organisation 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 Memorial Education Fund Inc reported income of $238k and spending of $52k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $225k to $238k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Management Accountants Memorial Education Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Fellowship of Christian Peace Officiers ($238k), Hills Christian School Society ($238k) and Oglesby Civil Defense Volunteer Fire Department ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $3.5m against liabilities of $100k, net assets of $3.4m.