Azle Education Foundation

Analysis

Azle Education Foundation is a registered charity in United States, based in Azle, TX. It received its IRS tax-exemption ruling in March 2011, 15 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, Azle Education Foundation reported income of $136k and spending of $129k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $223k to $136k (-39%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Azle Education Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Fanari-Academy of Greek Education Inc ($136k), Rocky Mountain Sustainable Living Association ($136k) and Hartford Gay Mens Chorus Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $405k against liabilities of $0, net assets of $405k.