William Sturgis Friends of Education Foundation Inc

Analysis

William Sturgis Friends of Education Foundation Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, William Sturgis Friends of Education Foundation Inc reported income of $2.0m and spending of $834k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.0m (+26%), an average of +5.9% a year. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William Sturgis Friends of Education Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include The Nova School Association ($2.0m), Westchester Golf Association Caddie Scholarship Fund Inc ($2.0m) and Family Harvest Ministries ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. At year end it held assets of $19.5m against liabilities of $7.3m, net assets of $12.2m.