Institute Of Certified Mgt Accoun Tants Inc
Institute of Certified Management Accountants: Strong Financials, High Program Spending
EIN: 222679694 · Montvale, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $22.5M |
| Total Expenses | $29.5M |
| Program Spending | 80% |
| Net Assets | $-5,903,321 |
| Transparency Score | 85/100 |
Is Institute Of Certified Mgt Accoun Tants Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute Of Certified Mgt Accoun Tants Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute Of Certified Mgt Accoun Tants Inc
Institute Of Certified Mgt Accoun Tants Inc (EIN: 222679694) is a nonprofit organization based in Montvale, NJ. The organization reported total revenue of $22.5M and total assets of $346K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Of Certified Mgt Accoun Tants Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Of Certified Mgt Accoun Tants Inc is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.8M |
| Total Expenses | $29.5M |
| Surplus / Deficit | $-2,630,248 |
| Total Assets | $5.8M |
| Total Liabilities | $11.7M |
| Net Assets | $-5,903,321 |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 201.5% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2023, Institute Of Certified Mgt Accoun Tants Inc reported a deficit of $2.6M with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 201.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Institute Of Certified Mgt Accoun Tants Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.0% | +11.8% | -58.5% |
| 2022 | -41.1% | -19.5% | -20.5% |
| 2021 | -6.3% | -1.9% | -10.2% |
| 2020 | -13.5% | -4.5% | +10.6% |
| 2019 | +43.6% | +15.1% | +88.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Institute Of Certified Mgt Accoun Tants Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Institute Of Certified Mgt Accoun Tants Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 201.5%.
Executive Compensation Analysis
Executive compensation details are not provided in the given data, preventing a specific assessment of individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Institute Of Certified Mgt Accoun Tants Inc's IRS 990 filings:
- A substantial decrease in assets from $14,001,661 in 2022 to $5,817,081 in 2023, alongside an increase in liabilities from $17,378,057 to $11,720,402, suggests potential financial restructuring or significant asset divestment.
Strengths
The following positive indicators were identified for Institute Of Certified Mgt Accoun Tants Inc:
- Consistent reporting of 0% compensation from related organizations indicates good governance and independence.
- The organization consistently generates revenue, with a notable increase in 2023 to $26,824,624, demonstrating financial viability.
- The organization has maintained a positive net asset position in most years, indicating financial stability.
Frequently Asked Questions about Institute Of Certified Mgt Accoun Tants Inc
Is Institute Of Certified Mgt Accoun Tants Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute Of Certified Mgt Accoun Tants Inc (EIN: 222679694) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Institute Of Certified Mgt Accoun Tants Inc spend its money?
Institute Of Certified Mgt Accoun Tants Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute Of Certified Mgt Accoun Tants Inc tax-deductible?
Institute Of Certified Mgt Accoun Tants Inc is registered as a tax-exempt nonprofit (EIN: 222679694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Institute Of Certified Mgt Accoun Tants Inc's spending goes to programs?
Institute Of Certified Mgt Accoun Tants Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Institute Of Certified Mgt Accoun Tants Inc located?
Institute Of Certified Mgt Accoun Tants Inc is headquartered in Montvale, New Jersey and files with the IRS under EIN 222679694.
How many years of IRS 990 filings does Institute Of Certified Mgt Accoun Tants Inc have?
Institute Of Certified Mgt Accoun Tants Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $22.5M in total revenue.
What does Institute Of Certified Mgt Accoun Tants Inc do?
Institute Of Certified Mgt Accoun Tants Inc is a nonprofit organization in the Unknown sector, located in Montvale, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Institute Of Certified Mgt Accoun Tants Inc have?
Institute Of Certified Mgt Accoun Tants Inc reported total revenue of $22,460,940. Based on 13 IRS 990 filings on record.
What are Institute Of Certified Mgt Accoun Tants Inc's total assets?
Institute Of Certified Mgt Accoun Tants Inc holds total assets of $345,842 as reported in IRS 990 filings.
Where is Institute Of Certified Mgt Accoun Tants Inc located?
Institute Of Certified Mgt Accoun Tants Inc is based in Montvale, New Jersey.
What is Institute Of Certified Mgt Accoun Tants Inc's EIN?
Institute Of Certified Mgt Accoun Tants Inc's Employer Identification Number (EIN) is 222679694. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Institute Of Certified Mgt Accoun Tants Inc?
Institute Of Certified Mgt Accoun Tants Inc is classified under NTEE code Unknown (Unknown).
Is Institute Of Certified Mgt Accoun Tants Inc a registered 501(c)(3)?
Institute Of Certified Mgt Accoun Tants Inc appears in IRS records (EIN: 222679694). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Institute Of Certified Mgt Accoun Tants Inc file IRS Form 990?
Yes, Institute Of Certified Mgt Accoun Tants Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Institute Of Certified Mgt Accoun Tants Inc's revenue in 2023?
In the 202306 filing period, Institute Of Certified Mgt Accoun Tants Inc reported total revenue of $26,824,624, total expenses of $29,454,872, and net assets of $5,817,081.
Is Institute Of Certified Mgt Accoun Tants Inc's revenue growing or declining?
Institute Of Certified Mgt Accoun Tants Inc's revenue is growing. Revenue went from $20,791,467 (202206) to $26,824,624 (202306), a +29.0% change. Based on 13 filings on record.
What is Institute Of Certified Mgt Accoun Tants Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Institute Of Certified Mgt Accoun Tants Inc covers tax period 202306. It shows revenue of $26,824,624, expenses of $29,454,872, total assets of $5,817,081, and liabilities of $11,720,402.
How much does Institute Of Certified Mgt Accoun Tants Inc spend on programs vs administration?
Based on IRS 990 analysis, Institute Of Certified Mgt Accoun Tants Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Institute Of Certified Mgt Accoun Tants Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Institute Of Certified Mgt Accoun Tants Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Institute Of Certified Mgt Accoun Tants Inc?
The following concerns were identified: A substantial decrease in assets from $14,001,661 in 2022 to $5,817,081 in 2023, alongside an increase in liabilities from $17,378,057 to $11,720,402, suggests potential financial restructuring or significant asset divestment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Institute Of Certified Mgt Accoun Tants Inc's strengths?
Positive indicators for Institute Of Certified Mgt Accoun Tants Inc include: Consistent reporting of 0% compensation from related organizations indicates good governance and independence.. The organization consistently generates revenue, with a notable increase in 2023 to $26,824,624, demonstrating financial viability.. The organization has maintained a positive net asset position in most years, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Institute Of Certified Mgt Accoun Tants Inc compensate executives?
Executive compensation details are not provided in the given data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant decrease in total assets from $14,001,661 in 2022 to $5,817,081 in 2023, and how does this impact the organization's long-term financial health?
The provided data does not specify the reasons for the asset decrease. Further investigation into financial statements would be needed to determine if this was due to asset sales, depreciation, or other factors, and its implications for future operations.
Given the fluctuations in revenue and expenses over the past few years, what strategies are in place to ensure consistent financial performance and sustainability?
While the data shows revenue and expense figures, it does not detail specific strategies. An analysis of program effectiveness, fundraising initiatives, and operational efficiencies would be necessary to assess sustainability plans.
Filing History
IRS 990 filing history for Institute Of Certified Mgt Accoun Tants Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Institute Of Certified Mgt Accoun Tants Inc's revenue has grown by 279%, moving from $7.1M to $26.8M. Total assets decreased by 2.9% over the same period, from $6.0M to $5.8M. Total functional expenses rose by 343.9%, from $6.6M to $29.5M. In its most recent filing year (2023), Institute Of Certified Mgt Accoun Tants Inc reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $11.7M in liabilities against $5.8M in assets (debt-to-asset ratio: 201.5%), resulting in net assets of $-5,903,321.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.8M | $29.5M | $5.8M | $11.7M | — | View 990 |
| 2022 | $20.8M | $26.4M | $14.0M | $17.4M | — | View 990 |
| 2021 | $35.3M | $32.8M | $17.6M | $12.4M | — | View 990 |
| 2020 | $37.7M | $33.4M | $19.6M | $19.5M | — | — |
| 2019 | $43.5M | $35.0M | $17.7M | $4.8M | — | View 990 |
| 2018 | $30.3M | $30.4M | $9.4M | $5.3M | — | View 990 |
| 2017 | $19.9M | $18.9M | $7.3M | $3.3M | — | View 990 |
| 2016 | $15.6M | $17.9M | $4.7M | $1.8M | — | View 990 |
| 2015 | $13.5M | $14.1M | $7.0M | $1.5M | — | View 990 |
| 2014 | $11.8M | $11.3M | $7.8M | $1.5M | — | View 990 |
| 2013 | $8.6M | $9.4M | $6.6M | $1.1M | — | View 990 |
| 2012 | $7.6M | $6.7M | $6.9M | $771K | — | View 990 |
| 2011 | $7.1M | $6.6M | $6.0M | $682K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.8M, expenses of $29.5M, and assets of $5.8M (revenue +29.0% year-over-year).
- 2022: Revenue of $20.8M, expenses of $26.4M, and assets of $14.0M (revenue -41.1% year-over-year).
- 2021: Revenue of $35.3M, expenses of $32.8M, and assets of $17.6M (revenue -6.3% year-over-year).
- 2020: Revenue of $37.7M, expenses of $33.4M, and assets of $19.6M (revenue -13.5% year-over-year).
- 2019: Revenue of $43.5M, expenses of $35.0M, and assets of $17.7M (revenue +43.6% year-over-year).
- 2018: Revenue of $30.3M, expenses of $30.4M, and assets of $9.4M (revenue +52.7% year-over-year).
- 2017: Revenue of $19.9M, expenses of $18.9M, and assets of $7.3M (revenue +26.9% year-over-year).
- 2016: Revenue of $15.6M, expenses of $17.9M, and assets of $4.7M (revenue +15.7% year-over-year).
- 2015: Revenue of $13.5M, expenses of $14.1M, and assets of $7.0M (revenue +15.1% year-over-year).
- 2014: Revenue of $11.8M, expenses of $11.3M, and assets of $7.8M (revenue +36.3% year-over-year).
- 2013: Revenue of $8.6M, expenses of $9.4M, and assets of $6.6M (revenue +13.4% year-over-year).
- 2012: Revenue of $7.6M, expenses of $6.7M, and assets of $6.9M (revenue +7.4% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.6M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Of Certified Mgt Accoun Tants Inc:
Data Sources and Methodology
This transparency report for Institute Of Certified Mgt Accoun Tants Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.