Ponaganset Education Foundation

Analysis

Ponaganset Education Foundation is a registered charity in United States, based in Foster, RI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ponaganset Education Foundation reported income of $112k and spending of $52k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $112k (+27%), an average of +27% 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 66,972 United States charities whose main cause is education and training and that reported income, Ponaganset Education Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within RI. Charities of a similar size with the same main cause include Mary Woodward Elementery Pso Foundation ($112k), Uas7 New York Inc ($112k) and Bridgewater Booster Club ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $397k against liabilities of $0, net assets of $397k.