Foundation for Management Education in Central America

Analysis

Foundation for Management Education in Central America is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in February 1990, 36 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, Foundation for Management Education in Central America reported income of $2.5m and spending of $3.1m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.5m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 160%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Foundation for Management Education in Central America sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Advance Armenia Foundation ($2.5m), University of Cape Town Fund Inc ($2.5m) and Joni and Friends Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $11.0m against liabilities of $250k, net assets of $10.8m.