Washington Central Friends of Education Inc

Analysis

Washington Central Friends of Education Inc is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Washington Central Friends of Education Inc reported income of $338k and spending of $252k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $232k to $338k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Central Friends of Education Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include St Louis Modern Chinese School ($338k), Emerging Scholars Program Inc ($338k) and Austin Christian Vacational Academy Inc ($338k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $41k (16% of expenses). Other salaries and wages came to $100k. At year end it held assets of $199k against liabilities of $2,517, net assets of $197k. It reported 5 employees.