Iowa Municipal Finance Officers Association

Analysis

Iowa Municipal Finance Officers Association is a registered charity in United States, based in Altoona, IA. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Iowa Municipal Finance Officers Association reported income of $164k and spending of $183k, spending 112% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $176k to $164k (-7.1%), an average of -7.1% a year. 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, Iowa Municipal Finance Officers Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Bourne Athletic Association Inc ($164k), PTA California Congress of Parents Teachers & Students Inc ($164k) and Lake Harriett Commun School PTA ($164k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 61% and program service revenue 32% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.