Stamford Public Education Foundation Inc

Analysis

Stamford Public Education Foundation Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Stamford Public Education Foundation Inc reported income of $2.2m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.2m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stamford Public Education Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Troopsdirect Inc ($2.2m), Reach for Uganda Inc ($2.2m) and Luverne Area Community Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 54% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $535k against liabilities of $179k, net assets of $356k. It reported 62 employees.