William Holmes McGuffey School Foundation

Analysis

William Holmes McGuffey School Foundation is a registered charity in United States, based in Oxford, OH. It received its IRS tax-exemption ruling in July 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, William Holmes McGuffey School Foundation reported income of $812k and spending of $759k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $636k to $812k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William Holmes McGuffey School Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Rescuecalifornia Education Foundation ($812k), New Frontiers ($812k) and Subway Cares Foundation Inc ($812k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $95k (13% of expenses). Other salaries and wages came to $389k. At year end it held assets of $732k against liabilities of $437k, net assets of $295k. It reported 46 employees.