Falmouth Education Foundation

Analysis

Falmouth Education Foundation is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in January 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Falmouth Education Foundation reported income of $63k and spending of $33k, leaving 48% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $43k to $63k (+47%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 120%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Falmouth Education Foundation sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 18th percentile within ME. Charities of a similar size with the same main cause include Sertoma Inc ($63k), Balif Foundation ($63k) and Norman C Tanner and Barbara L Tanner Third Charitable Support TR ($63k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $853k against liabilities of $0, net assets of $853k.