Government Finance Officers Assoc of the Washington Metrop Area

Analysis

Government Finance Officers Assoc of the Washington Metrop Area is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1986, 40 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, Government Finance Officers Assoc of the Washington Metrop Area reported income of $95k and spending of $107k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $95k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 115% 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 Assoc of the Washington Metrop Area sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 18th percentile within DC. Charities of a similar size with the same main cause include PTA New York Congress ($95k), Pacem in Terris ($95k) and Maricopa Association of Governments Information Center ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. At year end it held assets of $68k against liabilities of $5,274, net assets of $62k.