Educational Foundation of America

Analysis

Educational Foundation of America is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in May 1971, 55 years ago. 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, Educational Foundation of America reported income of $69k and spending of $51k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $56k to $69k (+23%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Foundation of America sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include Willard Parent Teacher Group ($69k), New Majority Foundation ($69k) and Kenmore Elementary PTA ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.