Efam Student Foundation Inc

Analysis

Efam Student Foundation Inc is a registered charity in United States, based in Miami, FL. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Efam Student Foundation Inc reported income of $59k and spending of $63k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $59k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Efam Student Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Mary Marek Elementary Parent Teacher Organization ($59k), Sebastian River Gridiron Association Inc ($59k) and Gamma401 Foundation Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.