Foundation for Tacoma Students

Analysis

Foundation for Tacoma Students is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in August 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 December 2023, Foundation for Tacoma Students reported income of $2.8m and spending of $4.2m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $2.8m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Tacoma Students sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Regional Educational Media Center Association of Michigan ($2.8m), United Lutheran Seminary Endowment Foundation ($2.8m) and Hilltop Montessori School Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $218k (5.2% of expenses). Other salaries and wages came to $1.3m. It paid $38k in professional fundraising fees. At year end it held assets of $1000k against liabilities of $271k, net assets of $729k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.