Program on International Financial Systems Inc

Analysis

Program on International Financial Systems Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2018, 8 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, Program on International Financial Systems Inc reported income of $3.0m and spending of $2.9m, spending 96% of its income. Across the 6 years on record, from July 2019 to December 2023, income fell from $4.2m to $3.0m (-28%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Program on International Financial Systems 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 88th percentile within MA. Charities of a similar size with the same main cause include A Plus Unlimited Charter School ($3.0m), Greenhouse Gas Experts Network Inc ($3.0m) and Christian Education Activities Corp ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1.2m (42% of expenses). Other salaries and wages came to $420k. It paid $2,250 in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $330k, net assets of $3.7m. It reported 11 employees.