Somerset Isd Education Foundation

Analysis

Somerset Isd Education Foundation is a registered charity in United States, based in Somerset, TX. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2023, Somerset Isd Education Foundation reported income of $382k and spending of $208k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $382k (+172%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 269%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerset Isd Education Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Entrepreneurs Organization ($382k), Friends of North Side College Prep High School ($382k) and Derry Preschool Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $679k against liabilities of $0, net assets of $679k.