International Society of Certified Employee Benefit Specialists Inc

Analysis

International Society of Certified Employee Benefit Specialists Inc is a registered charity in United States, based in Brookfield, WI. It received its IRS tax-exemption ruling in January 1985, 41 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 December 2023, International Society of Certified Employee Benefit Specialists Inc reported income of $1.2m and spending of $1.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Society of Certified Employee Benefit Specialists Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include St George Pathfinders ($1.2m), The Andrew Goodman Foundation Inc ($1.2m) and Monadnock Center for Violence Prevention Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $726k.

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.