International City Management Association Retirement Corporation
777 N Capitol St NE Ste 600, Washington, DC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $290,077,681 | $292,047,310 | $594,463,179 |
| FY2023 | $268,974,871 | $267,564,091 | $569,098,633 |
| FY2022 | $271,458,710 | $251,906,642 | $530,931,063 |
| FY2021 | $318,914,554 | $272,532,940 | $588,695,094 |
| FY2020 | $249,374,685 | $221,903,207 | $515,285,495 |
| FY2019 | $243,525,421 | $253,798,109 | $451,524,438 |
| FY2018 | $239,638,761 | $247,712,121 | $421,520,337 |
| FY2017 | $233,965,106 | $240,948,559 | $462,695,134 |
| FY2016 | $216,840,174 | $222,522,232 | $444,382,124 |
| FY2015 | $224,220,944 | $200,422,757 | $428,548,057 |
| FY2014 | $222,842,502 | $179,947,581 | $426,374,527 |
| FY2013 | $202,383,230 | $162,630,603 | $389,219,523 |
| FY2012 | $188,715,141 | $149,504,599 | $344,415,157 |
| FY2011 | $177,285,739 | $139,934,332 | $294,076,609 |
Form 990 filings
The returns filed by International City Management Association Retirement Corporation (EIN 23-7268394), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $263,048,988 | 91% |
| Other revenue | $27,028,693 | 9% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $264,735,305 | 91% |
| Management & general | $27,312,005 | 9% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 91% of total revenue in FY2024.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2024. That is higher than 17.3% of 110 Mutual & Membership Benefit organizations nationwide (too few in DC for a state comparison).
- Net assets covered about 24.4 months of expenses at the end of the reporting year. That puts it in the 43rd percentile among 44 Mutual & Membership Benefit organizations in DC.
- Total revenue was the highest among 45 Mutual & Membership Benefit organizations in DC.
- Total revenue rose from $177,285,739 in FY2011 to $290,077,681 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2016, FY2017, FY2018, FY2019, FY2024).
- The highest revenue on record here is $318,914,554 in FY2021.
- Net assets grew from $294,076,609 to $594,463,179 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE CORPORATION SERVES TO LESSEN THE BURDEN OF STATE AND LOCAL GOVERNMENTS AND THEIR INSTRUMENTALITIES BY ASSISTING THEM IN ESTABLISHING AND ADMINISTERING QUALIFIED, DEFERRED COMPENSATION AND OTHER RETIREMENT PLANS, AND BY PROVIDING THEM WITH RETIREMENT PLAN ADMINISTRATION AND ASSET MANAGEMENT
IRS status
| Ruling year | 1973 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | Y30 — Mutual & Membership Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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