Student Financial Aid Association

Analysis

Student Financial Aid Association is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in November 1959, 67 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, Student Financial Aid Association reported income of $121k and spending of $61k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $121k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 109%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student Financial Aid Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Calo Global Foundation ($120k), American Gelbvieh Foundation ($121k) and John Hardin High School Band Boosters Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $587k against liabilities of $0, net assets of $587k.