Foundation for Engineering Education Inc

Analysis

Foundation for Engineering Education Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Foundation for Engineering Education Inc reported income of $145k and spending of $109k, leaving 25% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $168k to $145k (-14%), an average of -14% a year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Engineering Education Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Friends of Four Star Inc ($145k), National Association of Black Compliance and Risk Management Pro ($145k) and Westwood Works Inc ($144k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 73% of the total. At year end it held assets of $520k against liabilities of $222, net assets of $520k.