Belmont Education Foundation

Analysis

Belmont Education Foundation is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in October 1993, 33 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 June 2024, Belmont Education Foundation reported income of $376k and spending of $308k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $306k to $376k (+23%), an average of +4.2% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belmont Education Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Spirit of Aloha Outreaches ($376k), Apogee School Inc ($376k) and Progressive Equity Charter Inc ($376k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $999k against liabilities of $25k, net assets of $974k.