Foundry Educational Foundation

Analysis

Foundry Educational Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in October 1958, 68 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Foundry Educational Foundation reported income of $1.8m and spending of $2.0m, spending 111% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to April 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundry Educational Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Kingdom Building Ministries Incorporated ($1.8m), Habitat for Humanity International Inc ($1.8m) and Health Occupations Students of America ($1.8m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 59% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $168k (8.3% of expenses). Other salaries and wages came to $282k. At year end it held assets of $12.5m against liabilities of $35k, net assets of $12.4m. It reported 5 employees.