Assumption Foundation for K-12 Schools

Analysis

Assumption Foundation for K-12 Schools is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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 December 2023, Assumption Foundation for K-12 Schools reported income of $783k and spending of $292k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $572k to $783k (+37%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assumption Foundation for K-12 Schools sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include St Johns Housing Corporation ($783k), Virginia Association of Area Agencies on Aging ($783k) and Importa Santa Barbara ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). At year end it held assets of $7.3m against liabilities of $0, net assets of $7.3m.