Public Charity

ARMED FORCES BENEFIT ASSOCIATION

ARMED FORCES BENEFIT ASSOCIATION is a nonprofit organization categorized as Public Charity based in ALEXANDRIA, VA. Its most recent IRS filing (2024) reports revenue of $162.9M, expenses of $147.1M, total assets of $195.4M.

EIN: 530209087 ALEXANDRIA, VA Latest filing: 2024
Total Revenue$162.9M
Total Expenses$147.1M
Total Assets$195.4M
Grant Records0
Filing Years2019–2024

Mission

PROMOTE THE WELFARE OF MEMBERS OF THE U.S. UNIFORMED SERVICES, FEDERAL GOVERNMENT EMPLOYEES, FIRST RESPONDER EMERGENCY PERSONNEL AND THEIR FAMILIES BY PROVIDING LOW COST LIFE INSURANCE, AND OTHER BENEFITS.

Where $100 goes at Armed Forces Benefit Association

How Armed Forces Benefit Association divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$58
Provided level term life insurance coverage to a population of 335,574 members and spouses
58% of program spending · Reported in the filing: 335,574 members
$34
Provided better alternative term life insurance coverage to a population of 350,820 members and spouses
34% of program spending · Reported in the filing: 350,820 members
$8
Provided group decreasing term life insurance coverage to a population of 45,084 members and spouses
8% of program spending · Reported in the filing: 45,084 members
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TREASURER & CUSTOMER ADVO A Gordon-Monroe
SVP, HUMAN RESOURCES A Hoover
CIO B Abebe
DIRECTOR Bg A Solomon Usaf Ret
CAE C Klein
DIRECTOR Cmsaf J Roy Usaf Ret

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $162.9M $147.1M $195.4M
2023 $156.2M $148.0M $183.4M
2022 $134.7M $155.7M $181.3M
2020 $154.7M $152.9M $224.4M
2019 $148.0M $141.5M $215.7M

Between 2019 and 2024, reported annual revenue grew from $148.0M to $162.9M (+10%), with total assets most recently reported at $195.4M.

Interactive year-over-year charts and full filing details available with membership.

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