State Financial Officers Foundation Inc

Analysis

State Financial Officers Foundation Inc is a registered charity in United States, based in Shawnee, KS. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, State Financial Officers Foundation Inc reported income of $2.9m and spending of $2.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.9m (+178%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, State Financial Officers Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Downtown Montessori Academy Inc ($2.9m), Nursing Practice Corporation ($2.9m) and Orangetown Monsey Hebrew School Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $416k (17% of expenses). Other salaries and wages came to $124k. It paid $75k in professional fundraising fees. At year end it held assets of $841k against liabilities of $0, net assets of $841k. It reported 5 employees.