New Prague Area Education Foundation

Analysis

New Prague Area Education Foundation is a registered charity in United States, based in New Prague, MN. It received its IRS tax-exemption ruling in June 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 June 2024, New Prague Area Education Foundation reported income of $126k and spending of $77k, leaving 39% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $110k to $126k (+14%), an average of +6.6% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Prague Area Education Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Weequahic Alumni Association Inc ($126k), Chappaqua Summer Scholarship Program ($126k) and Selkirk Outdoor Leadership & Education ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $454k against liabilities of $0, net assets of $454k.