Maryland Goverment Finance Officers Association Inc

Analysis

Maryland Goverment Finance Officers Association Inc is a registered charity in United States, based in Boxborough, MA. It received its IRS tax-exemption ruling in August 2005, 21 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 June 2023, Maryland Goverment Finance Officers Association Inc reported income of $286k and spending of $367k, spending 128% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $309k to $286k (-7.2%), an average of -3.7% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland Goverment Finance Officers Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Lassiter Band Boosters Association Inc ($286k), Neural Education ($286k) and Piedmont Makers ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 72% of the total. At year end it held assets of $200k against liabilities of $97k, net assets of $103k.