Washington Township Schools Foundation Inc

Analysis

Washington Township Schools Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1985, 41 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 June 2023, Washington Township Schools Foundation Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $708k to $1.2m (+71%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Township Schools Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Association for Career and Technical Education Inc ($1.2m), Greater Vision Academy Inc ($1.2m) and Primavera School Incorporated ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $179k (15% of expenses). Other salaries and wages came to $95k. At year end it held assets of $5.3m against liabilities of $103k, net assets of $5.2m. It reported 6 employees.