Muscle Shoals Education Foundation Inc

Analysis

Muscle Shoals Education Foundation Inc is a registered charity in United States, based in Muscle Shoals, AL. It received its IRS tax-exemption ruling in March 2005, 21 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, Muscle Shoals Education Foundation Inc reported income of $107k and spending of $77k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $107k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Muscle Shoals Education Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within AL. Charities of a similar size with the same main cause include Crowders Creek Elementary PTO ($107k), Power on Heels Fund Inc ($107k) and Christopher R Howell Memorialfoundation Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $137k against liabilities of $1,619, net assets of $136k.