International Association of Black Actuaries Inc

Analysis

International Association of Black Actuaries Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 2015, 11 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 (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, International Association of Black Actuaries Inc reported income of $1.7m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $724k to $1.7m (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, International Association of Black Actuaries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Big We ($1.7m), Business Ownership Initiative of Indiana Inc ($1.7m) and Direct Action and Research Training ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $140k (11% of expenses). Other salaries and wages came to $85k. At year end it held assets of $2.7m against liabilities of $10k, net assets of $2.7m. It reported 3 employees.