Education Foundation of the Forest Lake Area

Analysis

Education Foundation of the Forest Lake Area is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in May 2010, 16 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 June 2023, Education Foundation of the Forest Lake Area reported income of $66k and spending of $67k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $94k to $66k (-30%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Foundation of the Forest Lake Area sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Kind of the Upstate ($66k), PTA Tennessee Congress of Parents & Teachers Inc ($66k) and Alpha Omega International Dental Fraternity Inc ($66k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $217k against liabilities of $38k, net assets of $178k.