Sycamore Education Foundation

Analysis

Sycamore Education Foundation is a registered charity in United States, based in Sycamore, IL. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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, Sycamore Education Foundation reported income of $94k and spending of $117k, spending 124% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $210k to $94k (-55%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sycamore Education Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include FCL Educational Fund ($94k), Cascadia Methow Music Association ($94k) and Ringtown Valley Fire and Rescue ($94k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $27k (23% of expenses). Other salaries and wages came to $4,172. At year end it held assets of $250k against liabilities of $0, net assets of $250k.