Foundation for Educational Funding

Analysis

Foundation for Educational Funding is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Foundation for Educational Funding reported income of $7.6m and spending of $7.3m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.2m to $7.6m (+5.5%), an average of +1.3% a year. The sharpest change came in the year to September 2023, when income dropped by 27%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Educational Funding sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Horizon Science Academy-Springfield ($7.6m), Capitol Encore Academy ($7.6m) and Eastern Washington University Foundation ($7.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% of the total. Compensation of current officers, directors and key employees was $1.1m (15% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $178.1m against liabilities of $1.2m, net assets of $176.9m. It reported 5 employees.