New Albany Floyd County Education Foundation Inc

Analysis

New Albany Floyd County Education Foundation Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in June 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 2023, New Albany Floyd County Education Foundation Inc reported income of $886k and spending of $547k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $656k to $886k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Albany Floyd County Education Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Brighton School Inc ($886k), Discovery Multiple Intelligences Preschool ($886k) and Stein Foundation Co ($886k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $82k (15% of expenses). Other salaries and wages came to $53k. At year end it held assets of $1.6m against liabilities of $30k, net assets of $1.5m. It reported 2 employees.