Investment Adviser Association
Investment Adviser Association shows consistent revenue growth but recent operating deficits and rising liabilities.
EIN: 136130873 · Washington, DC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $7.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $7.2M |
| Net Assets | $3.1M |
| Transparency Score | 75/100 |
Is Investment Adviser Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Investment Adviser Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Investment Adviser Association
Investment Adviser Association (EIN: 136130873) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $7.2M and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Investment Adviser Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Investment Adviser Association is a mid-size nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.1M |
| Surplus / Deficit | $-252,446 |
| Total Assets | $10.4M |
| Total Liabilities | $7.3M |
| Net Assets | $3.1M |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 70.2% |
| Months of Reserves | 17.5 months |
Financial Health Grade: C
In 2023, Investment Adviser Association reported a deficit of $252K with expenses exceeding revenue, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 70.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Investment Adviser Association's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +2.2% | +21.4% |
| 2022 | +20.2% | +11.8% | +17.1% |
| 2021 | -9.5% | +4.7% | -6.9% |
| 2020 | -2.2% | -2.7% | -1.8% |
| 2019 | +9.8% | +4.2% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1948 |
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 Investment Adviser Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Investment Adviser Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.2%.
Executive Compensation Analysis
The Investment Adviser Association consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers directly from the organization's payroll, which is unusual for an organization of its size ($7.2M latest revenue).
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 Investment Adviser Association's IRS 990 filings:
- Consistent operating deficits in recent years (2021-2023), with expenses exceeding revenue.
- Significant and rapid increase in liabilities from $1.7M in 2014 to $7.3M in 2023, warranting further scrutiny.
- Lack of reported officer compensation (0%) for an organization with over $7M in revenue, which could obscure executive remuneration details.
Strengths
The following positive indicators were identified for Investment Adviser Association:
- Strong and consistent revenue generation, growing from $4.3M in 2014 to $6.8M in 2023.
- Robust asset growth, increasing from $4.7M in 2014 to $10.4M in 2023, providing financial stability.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Investment Adviser Association
Is Investment Adviser Association a legitimate charity?
Investment Adviser Association (EIN: 136130873) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Investment Adviser Association spend its money?
Investment Adviser Association directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Investment Adviser Association tax-deductible?
Investment Adviser Association is registered as a tax-exempt nonprofit (EIN: 136130873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Investment Adviser Association CEO make?
Investment Adviser Association's highest-compensated officer earns $7.2M annually. The organization reported $7.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Investment Adviser Association's spending goes to programs?
Investment Adviser Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Investment Adviser Association located?
Investment Adviser Association is headquartered in Washington, Washington DC and files with the IRS under EIN 136130873.
How many years of IRS 990 filings does Investment Adviser Association have?
Investment Adviser Association 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 $7.2M in total revenue.
Why has the Investment Adviser Association experienced operating deficits in recent years (2021, 2022, 2023)?
In 2023, expenses ($7,114,955) exceeded revenue ($6,862,509), following similar trends in 2022 (expenses $6,960,922 vs. revenue $6,808,451) and 2021 (expenses $6,225,415 vs. revenue $5,665,058). This suggests that the organization's spending has outpaced its income in these periods, which could be due to increased operational costs, new initiatives, or a temporary dip in revenue growth.
What is the nature of the significant increase in liabilities from $1.7M in 2014 to $7.3M in 2023?
The liabilities have grown substantially, from $1,756,897 in 2014 to $7,303,509 in 2023. Without access to the full IRS 990 forms, the specific reasons for this increase are unclear, but it could be due to deferred revenue, long-term debt, or other financial obligations.
How does the organization manage executive compensation if 0% is reported for officers?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. This could imply that executive leadership is compensated through other means (e.g., as employees rather than officers, or through related entities), or that the organization relies on volunteer leadership for its officer roles. Further investigation into the full 990 forms would be needed to understand the complete compensation structure.
Filing History
IRS 990 filing history for Investment Adviser Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Investment Adviser Association's revenue has grown by 91%, moving from $3.6M to $6.9M. Total assets increased by 171.4% over the same period, from $3.8M to $10.4M. Total functional expenses rose by 107.2%, from $3.4M to $7.1M. In its most recent filing year (2023), Investment Adviser Association reported a deficit of $252K, with expenses exceeding revenue. The organization holds $7.3M in liabilities against $10.4M in assets (debt-to-asset ratio: 70.2%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.1M | $10.4M | $7.3M | — | — |
| 2022 | $6.8M | $7.0M | $8.6M | $5.3M | — | View 990 |
| 2021 | $5.7M | $6.2M | $7.3M | $3.7M | — | View 990 |
| 2020 | $6.3M | $5.9M | $7.8M | $3.5M | — | View 990 |
| 2019 | $6.4M | $6.1M | $8.0M | $4.0M | — | View 990 |
| 2018 | $5.8M | $5.9M | $6.7M | $3.0M | — | View 990 |
| 2017 | $5.5M | $5.1M | $6.1M | $2.4M | — | View 990 |
| 2016 | $5.2M | $4.8M | $5.2M | $1.7M | — | View 990 |
| 2015 | $4.6M | $4.4M | $5.2M | $2.0M | — | View 990 |
| 2014 | $4.3M | $4.3M | $4.8M | $1.8M | — | View 990 |
| 2013 | $3.9M | $3.7M | $4.7M | $1.7M | — | View 990 |
| 2012 | $3.8M | $3.4M | $4.3M | $1.6M | — | View 990 |
| 2011 | $3.6M | $3.4M | $3.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.1M, and assets of $10.4M (revenue +0.8% year-over-year).
- 2022: Revenue of $6.8M, expenses of $7.0M, and assets of $8.6M (revenue +20.2% year-over-year).
- 2021: Revenue of $5.7M, expenses of $6.2M, and assets of $7.3M (revenue -9.5% year-over-year).
- 2020: Revenue of $6.3M, expenses of $5.9M, and assets of $7.8M (revenue -2.2% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.1M, and assets of $8.0M (revenue +9.8% year-over-year).
- 2018: Revenue of $5.8M, expenses of $5.9M, and assets of $6.7M (revenue +6.7% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.1M, and assets of $6.1M (revenue +6.0% year-over-year).
- 2016: Revenue of $5.2M, expenses of $4.8M, and assets of $5.2M (revenue +12.2% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.4M, and assets of $5.2M (revenue +6.5% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.3M, and assets of $4.8M (revenue +9.4% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.7M, and assets of $4.7M (revenue +3.7% year-over-year).
- 2012: Revenue of $3.8M, expenses of $3.4M, and assets of $4.3M (revenue +5.9% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.4M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Investment Adviser Association:
Data Sources and Methodology
This transparency report for Investment Adviser Association 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.