New York State Government Finance Officers Association Inc

Analysis

New York State Government Finance Officers Association Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York State Government Finance Officers Association Inc reported income of $741k and spending of $628k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $669k to $741k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York State Government Finance Officers Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include True Measure Collaborative ($741k), Sprouts Inc ($741k) and Arts Ed NJ Inc ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $161k. At year end it held assets of $1.0m against liabilities of $236k, net assets of $799k. It reported 5 employees.