Michigan Government Finance Officers Association

Analysis

Michigan Government Finance Officers Association is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Michigan Government Finance Officers Association reported income of $263k and spending of $299k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $235k to $263k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Government Finance Officers Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Django Events Foundation North America ($263k), Southwest Mississippi Junior College Development Foundation ($263k) and Sherwood High School Band Booster Club ($263k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 60% of the total. At year end it held assets of $204k against liabilities of $485, net assets of $203k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.