Towanda Area School District Foundation

Analysis

Towanda Area School District Foundation is a registered charity in United States, based in Towanda, PA. It received its IRS tax-exemption ruling in September 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 (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, Towanda Area School District Foundation reported income of $105k and spending of $84k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $105k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Towanda Area School District Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Navarre Beach Area Chamber of Commerce Foundation Inc ($105k), Alumni Free Speech Alliance ($105k) and Forest Avenue Home and School Association ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $378k against liabilities of $0, net assets of $378k.