American Bankruptcy Institute

Analysis

American Bankruptcy Institute is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Bankruptcy Institute reported income of $10.5m and spending of $9.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.8m to $10.5m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Bankruptcy Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Seacrest School Inc ($10.5m), Groveport Community School ($10.5m) and Lakehill Preparatory School ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $978k (10% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $21.5m against liabilities of $3.5m, net assets of $17.9m. It reported 37 employees.