Fargo Public Schools Development Foundation

Analysis

Fargo Public Schools Development Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in October 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 June 2023, Fargo Public Schools Development Foundation reported income of $513k and spending of $603k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $564k to $513k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fargo Public Schools Development Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ND. Charities of a similar size with the same main cause include Grace Lutheran Preschool & Kindergarten ($513k), Miracle League of Northern Connecticut Inc ($513k) and Jardin de LA Infancia ($513k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $130k. At year end it held assets of $3.9m against liabilities of $335k, net assets of $3.5m. It reported 2 employees.