Independent Schools Corporate Tax Foundation

Analysis

Independent Schools Corporate Tax Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Independent Schools Corporate Tax Foundation reported income of $696k and spending of $917k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $899k to $696k (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent Schools Corporate Tax Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AZ. Charities of a similar size with the same main cause include Ada University Foundation ($696k), Covington Community Montessori Inc ($696k) and Mississippi Delta Community College Development Foundation Inc ($696k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $4.9m against liabilities of $3.1m, net assets of $1.9m.