Fernbank Elementary School Foundation Inc

Analysis

Fernbank Elementary School Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 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 July 2023, Fernbank Elementary School Foundation Inc reported income of $155k and spending of $219k, spending 141% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $175k to $155k (-11%), an average of -3.0% a year. The sharpest change came in the year to July 2022, when income rose by 362%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fernbank Elementary School Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Fellowship Christian High School ($155k), Tennessee Miller Coliseum Corporation ($155k) and The James E Taylor High School Athletic Booster Club Inc ($155k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $358k against liabilities of $141, net assets of $358k. It reported 4 employees.