Guilford Fund for Education Inc

Analysis

Guilford Fund for Education Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Guilford Fund for Education Inc reported income of $88k and spending of $100k, spending 114% of what it took in. Across the 2 years on record, from June 2021 to June 2023, income grew from $44k to $88k (+102%), an average of +102% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Guilford Fund for Education Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Forever Philanthropies Inc ($88k), Windermere Elementary School PTO Inc ($88k) and Shiviti Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $401k against liabilities of $0, net assets of $401k.