Needham Education Foundation Inc

Analysis

Needham Education Foundation Inc is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in September 1990, 36 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 August 2023, Needham Education Foundation Inc reported income of $170k and spending of $147k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $201k to $170k (-16%), an average of -4.2% a year. The sharpest change came in the year to August 2021, when income rose by 90%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Needham Education Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Vidor High Pirate Booster Club ($170k), Oranjeschool ($170k) and LM Vintners Inc ($170k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $12k (8.1% of expenses). At year end it held assets of $1.5m against liabilities of $636, net assets of $1.5m. It reported 1 employees.