International Consortium on Governmental Financial Management

Analysis

International Consortium on Governmental Financial Management is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, International Consortium on Governmental Financial Management reported income of $245k and spending of $280k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $245k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 157% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, International Consortium on Governmental Financial Management sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Al-Jaariyah Foundation Inc ($245k), Denis & Lenora Foretia Foundation Inc ($246k) and Sudan Transparency and Policy Tracker ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $90k (32% of expenses). At year end it held assets of $26k against liabilities of $160k, net assets of -$135k.

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.