Foundation for Economic Education Inc

Analysis

Foundation for Economic Education Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1947, 79 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 March 2024, Foundation for Economic Education Inc reported income of $8.2m and spending of $7.8m, spending 95% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $6.4m to $8.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to March 2021, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Economic Education Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Partners Asia ($8.2m), American Conservative Union Foundation ($8.2m) and National Academy of Engineering Fund ($8.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 86% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $445k (5.7% of expenses). Other salaries and wages came to $3.1m. It paid $59k in professional fundraising fees. At year end it held assets of $16.2m against liabilities of $1.2m, net assets of $15.0m. It reported 48 employees.