Association of Financial Educators

Analysis

Association of Financial Educators is a registered charity in United States, based in W Lake Hills, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. 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, Association of Financial Educators reported income of $545k and spending of $603k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $279k to $545k (+95%), an average of +14% a year. The sharpest change came in the year to December 2019, when income rose by 70%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association of Financial Educators sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Santa Maria Philharmonic Society ($545k), Mayfield Memorial Apartments Inc ($545k) and Spring Lake Park District 16 Youth Hockey Association ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). At year end it held assets of $375k against liabilities of $784k, net assets of -$408k. It reported 2 employees.