Consortium Management Group Inc

Analysis

Consortium Management Group Inc is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Consortium Management Group Inc reported income of $555.3m and spending of $544.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $527.6m to $555.3m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Consortium Management Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include University of San Diego ($554.5m), Carleton University ($560.4m) and Excela Health ($550.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.2m (0.6% of expenses). Other salaries and wages came to $2.9m. It paid $5,346 in professional fundraising fees. At year end it held assets of $193.0m against liabilities of $134.3m, net assets of $58.7m. It reported 28 employees.