Pacific Bankers Management Institute

Analysis

Pacific Bankers Management Institute is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in December 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pacific Bankers Management Institute reported income of $5.5m and spending of $4.4m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.5m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 315%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pacific Bankers Management Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Centre for Public Impact North America Inc ($5.5m), Family Centered Services of CT ($5.5m) and Beth Israel Anaesthesia Foundation Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $850k (19% of expenses). Other salaries and wages came to $519k. At year end it held assets of $6.7m against liabilities of $1.6m, net assets of $5.1m. It reported 13 employees.