Salado Independent School District Education Foundation Incorporated

Analysis

Salado Independent School District Education Foundation Incorporated is a registered charity in United States, based in Salado, TX. It received its IRS tax-exemption ruling in December 2000, 26 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 December 2023, Salado Independent School District Education Foundation Incorporated reported income of $323k and spending of $153k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3,051 to $323k (+10500%), an average of +221% a year. The sharpest change came in the year to December 2020, when income rose by 1126%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salado Independent School District Education Foundation Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Incline Boosters Club ($323k), Democracy Earth Foundation ($323k) and All Nations Rise ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.5m against liabilities of $45k, net assets of $1.5m.