Society For Financial Education & Professional Development
Only null% goes to programs Growing revenue
Society For Financial Education & Professional Development is a 501(c)(3) organization based in Ft Washington, Maryland, registered in 1998, with $1,491,687 in FY2024 revenue. CharityIndex grades it C+.
700 Loch Ness Cir, Ft Washington, MD, 20744 EIN 52-2116419 Since 1998
Revenue (FY2024)
$1.5M
▲ 38.3% vs prior year
Education median: $200K
Expenses (FY2024)
$1.5M
Net assets
$518K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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 Society For Financial Education & Professional Development— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · -2% margin
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 Society For Financial Education & Professional Development: 4 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Society For Financial Education & Professional Development— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Society For Financial Education & Professional Development: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 700 Loch Ness Cir, Ft Washington, MD, 20744
- City
- Ft Washington
- State
- Maryland
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $531K (FY2018) to $1.5M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $23KNet assets $518K
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$541K
Total liabilities
$23K
Net assets
$518K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,491,687▲38.3% | $1,519,588▲46.7% | $517,607▼8.2% | $540,856▼4.1% | 990 |
| 2023 | $1,078,625▲29.3% | $1,035,867▲19.0% | $564,088▼2.6% | $564,088▼2.6% | 990 |
| 2022 | $834,434▼16.9% | $870,646▲191% | $579,329▼5.7% | $579,329▼5.9% | 990 |
| 2021 | $1,004,727▲84.1% | $299,078▼28.9% | $614,521▲225% | $615,571▲155% | 990 |
| 2020 | $545,882▲27.0% | $420,882▼10.4% | $188,976▲139% | $241,348▲177% | 990 |
| 2019 | $429,731▼19.1% | $469,965▼10.6% | $79,177▼71.3% | $87,037▼69.1% | 990 |
| 2018 | $530,964 | $525,806 | $275,966 | $282,016 | 990 |
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.
Grants received · $705K total
12 grants to Society For Financial Education & Professional Development totaling $705K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $50,000 |
| American Council of Life Insurers Inc | General support | 2024 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $200,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $85,000 |
| American Online Giving Foundation Inc | General support | 2023 | $75,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $60,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $60,000 |
| Charities Aid Foundation America | Charitable donation | 2021 | $35,000 |
| Stonier Scholarship Inc | General support to further the organization's purpose. | 2021 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $50,000 |
| Charities Aid Foundation America | Charitable donation | 2020 | $35,000 |
| Charities Aid Foundation America | Charitable donation | 2019 | $34,750 |
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Frequently asked questions
- Is Society For Financial Education & Professional Development a legitimate nonprofit?
- Yes. Society For Financial Education & Professional Development is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-2116419, based in Ft Washington, Maryland. Donations are tax-deductible.
- What is Society For Financial Education & Professional Development's EIN?
- Society For Financial Education & Professional Development's Employer Identification Number (EIN) is 52-2116419.
- How much revenue does Society For Financial Education & Professional Development report?
- Society For Financial Education & Professional Development reported $1,491,687 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Society For Financial Education & Professional Development have?
- CharityIndex grades Society For Financial Education & Professional Development C+, based on financial health (reserves and operating margin).
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Data for Society For Financial Education & Professional Development (EIN 52-2116419) 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.