Financial Advisor Training Institute

Analysis

Financial Advisor Training Institute is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Financial Advisor Training Institute reported income of $1.0m and spending of $910k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $452k to $1.0m (+123%), an average of +123% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Financial Advisor Training Institute 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 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Faith and Love Enrichment Center in ($1.0m), Community Asset Development Re-Defining Education ($1.0m) and The Education Foundation of Alachua County Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $51k (5.6% of expenses). At year end it held assets of $211k against liabilities of $130k, net assets of $80k. It reported 2 employees.