Institute of Certified Professional Managers

Analysis

Institute of Certified Professional Managers is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in April 1983, 43 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, Institute of Certified Professional Managers reported income of $391k and spending of $461k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $329k to $391k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 117%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Certified Professional Managers sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Ahmadiyya Anjuman Ishaat Islam Lahore Inc ($391k), International Cultic Studies Association Inc ($391k) and Santa Catalina Island Tuna Club Foundation ($391k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 65% of the total. Compensation of current officers, directors and key employees was $148k (32% of expenses). Other salaries and wages came to $91k. At year end it held assets of $1.1m against liabilities of $94k, net assets of $1.0m. It reported 5 employees.

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.