Washington Finance Officers Association

Analysis

Washington Finance Officers Association is a registered charity in United States, based in Wilsonville, OR. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Washington Finance Officers Association reported income of $673k and spending of $630k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $683k to $673k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Washington Finance Officers Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OR. Charities of a similar size with the same main cause include Bani Adam ($673k), Home School Athletic Association Inc ($674k) and Omega Lamplighters Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $504k against liabilities of $0, net assets of $504k.