Alternative Education Foundation Inc

Analysis

Alternative Education Foundation Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2022, Alternative Education Foundation Inc reported income of $3.5m and spending of $3.3m, spending 96% of its income. Across the 3 years on record, from July 2019 to July 2022, income grew from $2.7m to $3.5m (+29%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alternative Education Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Bay Area Educational Institute ($3.5m), Educational Results Partnership ($3.5m) and Boise Public Schools Education Foundation Inc ($3.5m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $196k. At year end it held assets of $822k against liabilities of $638k, net assets of $183k.