California Institute of Advanced Management

Analysis

California Institute of Advanced Management is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, California Institute of Advanced Management reported income of $24.3m and spending of $4.5m, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $24.3m (+832%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 689%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Institute of Advanced Management sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Atlas Preparatory School Inc ($24.3m), Kent State University Foundation ($24.3m) and Foundation for Indiana University of Pennsylvania ($24.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $387k (8.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $23.3m against liabilities of $1.6m, net assets of $21.7m. It reported 50 employees.