Friends of Education

Analysis

Friends of Education is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in August 1999, 27 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 August 2023, Friends of Education reported income of $1.5m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.5m (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2023, when income rose by 59%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Education sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include McKenzie Montessori Institute Incorporated ($1.5m), The Motivational Edge Inc ($1.5m) and John McLendon Leadership Initiative Foundation ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $3.1m against liabilities of $14k, net assets of $3.1m.