Minnesota Government Finance Officers Association

Analysis

Minnesota Government Finance Officers Association is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Minnesota Government Finance Officers Association reported income of $180k and spending of $148k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $180k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Government Finance Officers Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Bedford Citizen ($180k), Annandale Area Community Foodshelf ($180k) and Little League Baseball Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 55% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.