Education Foundation

Analysis

Education Foundation is a registered charity in United States, based in Berea, OH. It received its IRS tax-exemption ruling in August 1997, 29 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 2024, Education Foundation reported income of $205k and spending of $140k, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $227k to $205k (-9.7%), an average of -2.0% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Rotary Club of Santa Fe Foundation Inc ($205k), Salem Athletic Booster Club ($205k) and Clarkston Schools Instrumental Music Association ($205k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 2 employees.