Fanari-Academy of Greek Education Inc

Analysis

Fanari-Academy of Greek Education Inc is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fanari-Academy of Greek Education Inc reported income of $136k and spending of $151k, spending 111% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $128k to $136k (+6.5%), an average of +3.2% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fanari-Academy of Greek Education Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Hartford Gay Mens Chorus Inc ($136k), Azle Education Foundation ($136k) and Alaska Arts Education Consortium Inc ($136k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.