Fleet Reserve Association Education Foundation

Analysis

Fleet Reserve Association Education Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 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 2022, Fleet Reserve Association Education Foundation reported income of $52k and spending of $122k, spending 234% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $131k to $52k (-60%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fleet Reserve Association Education Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Longview Links Parent Teacher Organization ($52k), Conor J Long Foundation ($52k) and Gretchen Reeder Parent Teacherorganization Inc ($52k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.