Academy of Producer Insurance Studies Inc

Analysis

Academy of Producer Insurance Studies Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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, Academy of Producer Insurance Studies Inc reported income of $916k and spending of $661k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $916k (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 229%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Academy of Producer Insurance Studies Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Center for Faithwalk Leadership ($916k), Mississippi Main Street Association ($916k) and Fuller E Callaway Professorial Chairs Trust for ($916k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $4.0m against liabilities of $1.3m, net assets of $2.7m. It reported 106 employees.