Public Risk Management Assn Inc

Analysis

Public Risk Management Assn Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Public Risk Management Assn Inc reported income of $1.9m and spending of $2.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.9m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Risk Management Assn Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Walking Iris Media ($1.9m), Delaware Symphony Association ($1.9m) and True West Film Center ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $225k (11% of expenses). Other salaries and wages came to $260k. At year end it held assets of $1.9m against liabilities of $1.3m, net assets of $617k. It reported 6 employees.