Insurance Accounting & Systems Association Inc

Analysis

Insurance Accounting & Systems Association Inc is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 June 2023, Insurance Accounting & Systems Association Inc reported income of $1.5m and spending of $2.2m, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.5m (+50%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 109%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Insurance Accounting & Systems Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Orchard Africa ($1.5m), Women in Need Inc ($1.5m) and Oklahoma Bnai Brith Hillel Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $214k (9.9% of expenses). Other salaries and wages came to $593k. At year end it held assets of $628k against liabilities of $1.0m, net assets of -$409k. It reported 8 employees.