Apple Foundation

Analysis

Apple Foundation is a registered charity in United States, based in Guntersville, AL. It received its IRS tax-exemption ruling in April 2003, 23 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 September 2023, Apple Foundation reported income of $88k and spending of $96k, spending 110% of what it took in. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Apple Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within AL. Charities of a similar size with the same main cause include Robert N Soper Foundation ($88k), Seekonk Library Trust ($88k) and Salida Sunrise Rotary Charitable Fund Inc ($88k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.