The Foundation Schools

Analysis

The Foundation Schools is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Foundation Schools reported income of $24.8m and spending of $22.3m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $17.5m to $24.8m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Foundation Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Republic Schools Nashville ($24.8m), Legacy Early College ($24.8m) and Southside Christian School Upstate ($24.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $684k (3.1% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $24.8m against liabilities of $9.6m, net assets of $15.2m. It reported 262 employees.