Foundation for Free Enterprise Education

Analysis

Foundation for Free Enterprise Education is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Foundation for Free Enterprise Education reported income of $1.9m and spending of $1.4m, leaving 24% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.2m to $1.9m (+59%), an average of +17% a year. The sharpest change came in the year to September 2021, when income rose by 98%. Over the whole period it spent 66% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Foundation for Free Enterprise Education sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Niagara Falls Boys & Girls Club ($1.9m), The Christine Avery Learning Center Inc ($1.9m) and Boys & Girls Club of Fullerton ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $183k (13% of expenses). Other salaries and wages came to $455k. At year end it held assets of $6.5m against liabilities of $421k, net assets of $6.0m. It reported 29 employees.