Faribault Area Public Schools Educational Trust Association

Analysis

Faribault Area Public Schools Educational Trust Association is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in July 1987, 39 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 December 2023, Faribault Area Public Schools Educational Trust Association reported income of $140k and spending of $152k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $140k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faribault Area Public Schools Educational Trust Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Lets Fix This ($140k), Cedar Lake Historical Association Inc ($140k) and Autism Life and Living Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.