Euclid Schools Foundation

Analysis

Euclid Schools Foundation is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, Euclid Schools Foundation reported income of $167k and spending of $193k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.6m to $167k (-97%), an average of -58% a year. The sharpest change came in the year to September 2022, when income rose by 943%. Over the whole period it spent 6.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Euclid Schools Foundation sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include GP Inc ($167k), Sandy Springs Arts Foundation Inc ($167k) and Connecticosh Health Technical Committee Inc Connecticut Council ($167k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $8.5m against liabilities of $0, net assets of $8.5m.