Society of Defense Financial Management

Analysis

Society of Defense Financial Management is a registered charity in United States, based in MC Lean, VA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Society of Defense Financial Management reported income of $5.6m and spending of $6.5m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 162%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Society of Defense Financial Management sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Workforce Escorsa Inc ($5.6m), Fair Count Inc ($5.6m) and Witco Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $248k (3.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.2m against liabilities of $1.2m, net assets of $6.1m. It reported 13 employees.