Fredericksburg Education Initiative Inc

Analysis

Fredericksburg Education Initiative Inc is a registered charity in United States, based in Fredericksbrg, TX. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2024, Fredericksburg Education Initiative Inc reported income of $487k and spending of $437k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $371k to $487k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fredericksburg Education Initiative Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Early Years Preschool & Pdo ($487k), West Shore Community College Foundation ($487k) and Norwich Public Library Association ($487k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $160k (37% of expenses). At year end it held assets of $756k against liabilities of $6,739, net assets of $750k. It reported 3 employees.