Greater Institute of Financial Professionals

Analysis

Greater Institute of Financial Professionals is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2019, 7 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 September 2023, Greater Institute of Financial Professionals reported income of $248k and spending of $183k, leaving 26% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $593k to $248k (-58%), an average of -58% a year. The sharpest change came in the year to September 2023, when income dropped by 58%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Institute of Financial Professionals sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Educational Leadership Foundation of New Jersey Inc ($248k), Ocean Shore School Parent Teacher Organization Inc ($248k) and Pine-Richland Unified Booster Organization ($248k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $80k against liabilities of $15k, net assets of $65k. It reported 2 employees.