Pennsylvania · Nonprofit
AMERICAN FINANCE ASSOCIATION
AMERICAN FINANCE ASSOCIATION (Pennsylvania) receives grants from 6 organizations whose IRS filings report $120,000 to it, the largest being ASNESS FAMILY FOUNDATION ($40,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $4.2M
- Funders on record
- 6
- Grants received
- $120k
- Net assets
- $30M
What American Finance Association does
Mission
The organization's mission is to improve public understanding of financial problems and promote finance scholarship. The organization is devoted to the study and promotion of knowledge about financial economics.
As stated on its FY2025 Form 990.
Programs
Journal of finance through a partnership with wiley publishing, the organization publishes the journal of finance, a periodical containing leading research across all the major fields of finance. The journal is the most widely cited academic journal on finance. It is published six times per year and each issue reaches over 8,000 academics, financial professionals, libraries, governments, and financial institutions around the world.
$1,993,130 spentof which $216,889 as grants$1,565,801 earned by the program79% of program spendingAnnual meeting the organization sponsors an annual meeting each january at which papers are presented, covering the gamut of financial topics. The organization's current president also speaks on a chosen subject.
$363,293 spent14% of program spendingWomen's initiative affect (the academic female finance committee) of the organization was formed to promote the advancement of women academics in the field of finance. Within the academic field of finance, affect strives to: -promote gender equality -facilitate networking among women -conduct research on the standing of women and factors related to differences in career paths of men and women -provide mentoring of women
$121,717 spentof which $18,649 as grants5% of program spendingOther programs other programs of the organization include an ethics committee, which has promoted the establishment of an American Finance Association ombudsperson to help address any violation of the organization's code of professional conduct of ethics. The ombudsperson also provides informal, confidential assistance to members who need advice about work-related ethical issues such as discrimination or harassment.
$44,913 spent2% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,523,053.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $22M to $27M (+24%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
4% of AMERICAN FINANCE ASSOCIATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income fell $25k → $20k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of AMERICAN FINANCE ASSOCIATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
AMERICAN FINANCE ASSOCIATION leans on a few funders — its largest provides 33% of grant income and the top three 75%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2018 100% · 2019 67% · 2020 100% · 2022 40% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
AMERICAN FINANCE ASSOCIATION draws 75% of its grant income from funders outside Pennsylvania, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $20k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AMERICAN FINANCE ASSOCIATION runs a healthier operating margin than three-quarters of the 497 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 497 public benefit nonprofits $1M–$10M, FY2025
Organizations like AMERICAN FINANCE ASSOCIATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
69%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for AMERICAN FINANCE ASSOCIATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AMERICAN FINANCE ASSOCIATION?
- AMERICAN FINANCE ASSOCIATION (Pennsylvania) receives grants from 6 organizations whose IRS filings report $120,000 to it, the largest being ASNESS FAMILY FOUNDATION ($40,000). 2 of them have funded it in more than one year.
- How many funders does AMERICAN FINANCE ASSOCIATION have?
- IRS filings report 6 organizations giving $120,000 in grants to AMERICAN FINANCE ASSOCIATION, 2 of which have funded it in more than one year.
- Who is the largest funder of AMERICAN FINANCE ASSOCIATION?
- ASNESS FAMILY FOUNDATION is the largest funder on record, with $40,000 in grants. The full list of funders is on this page.
- How can an organization like AMERICAN FINANCE ASSOCIATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing