Basalt Education Foundation

Analysis

Basalt Education Foundation is a registered charity in United States, based in Basalt, CO. It received its IRS tax-exemption ruling in January 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, Basalt Education Foundation reported income of $306k and spending of $235k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $158k to $306k (+93%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Basalt Education Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Nordstrom Home & School Club ($306k), Utah Valley Home Builders Foundation Inc ($306k) and Bina Girls High School Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (15% of expenses). It paid $200 in professional fundraising fees. At year end it held assets of $747k against liabilities of $5,000, net assets of $742k. It reported 3 employees.