Closed-end Fund Association is a 501(c)(6) organization based in Kansas City, Missouri, registered in 1998, with $218,261 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$218K
▼ 13.7% vs prior year
Expenses (FY2024)
$241K
Net assets
-$111K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Closed-end Fund Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Closed-end Fund Association: 0 mo reserves · -11% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Closed-end Fund Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Closed-end Fund Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $188K (FY2010) to $218K (FY2024) across 13 reported years.
Financial snapshot
Operating margin
-10.6%
Spent more than it raised in the latest fiscal year.
Total assets
$24K
Total liabilities
$135K
Net assets
-$111K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $218,261▼13.7% | $241,309▼13.9% | -$110,544▼26.3% | $24,203▼66.5% | 990 |
| 2023 | $252,980▲5.0% | $280,355▲9.3% | -$87,497▼46.2% | $72,293▲423% | 990 |
| 2022 | $240,964▲17.1% | $256,527▲5.0% | -$59,857▼42.3% | $13,814▼55.8% | 990 |
| 2021 | $205,769▼6.3% | $244,242▼5.4% | -$42,078▼1067% | $31,242▼42.3% | 990 |
| 2020 | $219,701▼23.2% | $258,075▼8.3% | -$3,605▼110% | $54,181▼41.3% | 990 |
| 2019 | $286,219▼18.5% | $281,348▼8.9% | $34,769▲222% | $92,264▼11.4% | 990 |
| 2018 | $351,071▲3.3% | $308,795▼40.0% | -$28,512▲59.7% | $104,098▲367% | 990 |
| 2017 | $339,770▼38.6% | $514,241▼14.5% | -$70,789▲28.0% | $22,285▼78.8% | 990 |
| 2016 | $553,482▲28.5% | $601,174▲45.7% | -$98,318▼94.2% | $105,340▼14.2% | 990 |
| 2015 | $430,765▲28.1% | $412,491▼6.8% | -$50,626▼2072% | $122,786▲3944% | 990 |
| 2014 | $336,168▼15.7% | $442,573▲17.7% | $2,567▼97.6% | $3,036▼97.2% | 990 |
| 2013 | $398,651 | $375,951▲27.1% | $108,972▲26.3% | $108,972▲26.3% | 990 |
| 2012 | — | $295,901▲38.9% | $86,272▼8.9% | $86,272▼8.9% | 990 |
| 2011 | — | $212,994▲0.5% | $94,692▲35.2% | $94,692▲35.2% | 990 |
| 2010 | $187,728 | $211,969 | $70,037 | $70,037 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Closed-end Fund Association (EIN 04-3403082) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.