Friends of St Theresa School Fosts

Analysis

Friends of St Theresa School Fosts is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of St Theresa School Fosts reported income of $58k and spending of $65k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $56k to $58k (+3.9%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of St Theresa School Fosts sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Canyon Athletic Booster Club ($58k), Friends of Concord-Carlisle High School Boys Hockey Inc ($58k) and Montessori Charter School Ofpetaluma ($58k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.3% of the total. At year end it held assets of $74k against liabilities of $65k, net assets of $8,946.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.