Government Finance Officers Assn of the United States & Canada

Analysis

Government Finance Officers Assn of the United States & Canada is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1942, 84 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 March 2023, Government Finance Officers Assn of the United States & Canada reported income of $19.8m and spending of $20.5m, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $16.2m to $19.8m (+22%), an average of +5.0% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Government Finance Officers Assn of the United States & Canada sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Pennsylvania School for the Deaf ($19.8m), Heritage Christian Academy ($19.8m) and High Plains Food Bank ($19.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.4m (7.0% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $25.2m against liabilities of $18.2m, net assets of $7.0m. It reported 86 employees.