Westborough Education Foundation Inc

Analysis

Westborough Education Foundation Inc is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in March 1997, 29 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, Westborough Education Foundation Inc reported income of $55k and spending of $45k, spending 83% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $71k to $55k (-23%), an average of -23% a year. The sharpest change came in the year to August 2023, when income dropped by 23%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westborough Education Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Sharing Our Love Rialto Unified School District ($55k), Pocopson Elementary School Parent Teacher Organization ($55k) and Ila Local 1408 Scholarship Fund Port of Jacksonville Inc ($55k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $398k against liabilities of $0, net assets of $398k.