Actuarial Foundation

Analysis

Actuarial Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Actuarial Foundation reported income of $3.9m and spending of $5.3m, spending 137% of what it took in. Across the 6 years on record, from May 2019 to May 2023, income fell from $4.3m to $3.9m (-9.5%), an average of -2.0% a year. The sharpest change came in the year to May 2021, when income rose by 187%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Actuarial Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Pennsylvania Steam Academy Charter School ($3.9m), Keystone Smiles Community Learning Center Inc ($3.9m) and A Plus Charter Schools ($3.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $780k. At year end it held assets of $7.4m against liabilities of $1.0m, net assets of $6.4m.