Foundation of the Professional Convention Management Asso

Analysis

Foundation of the Professional Convention Management Asso is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation of the Professional Convention Management Asso reported income of $2.5m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation of the Professional Convention Management Asso sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Alaska School Activities Association Inc ($2.5m), TSBS Inc ($2.5m) and Legacy Learning Center Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $7.2m against liabilities of $2.1m, net assets of $5.1m.