Society for Financial Education & Professional Development

Analysis

Society for Financial Education & Professional Development is a registered charity in United States, based in Ft Washington, MD. It received its IRS tax-exemption ruling in December 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 December 2023, Society for Financial Education & Professional Development reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $1.1m (+151%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society for Financial Education & Professional Development sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Reach Parent Foundation ($1.1m), Westmoreland County Community College Educational Foundation Inc ($1.1m) and Caring House Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $279k (27% of expenses). Other salaries and wages came to $16k. At year end it held assets of $564k against liabilities of $0, net assets of $564k. It reported 5 employees.