Spalding Academy Endowment Foundation Inc

Analysis

Spalding Academy Endowment Foundation Inc is a registered charity in United States, based in Spalding, NE. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Spalding Academy Endowment Foundation Inc reported income of $163k and spending of $184k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $163k (-88%), an average of -41% a year. The sharpest change came in the year to June 2021, when income dropped by 67%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spalding Academy Endowment Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NE. Charities of a similar size with the same main cause include North Central High School Alumni Association Educational Foundation ($163k), Friends of the Murrita Library ($163k) and Gulf Coast Administrators of Special Education Gcase ($163k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% of the total. At year end it held assets of $3.8m against liabilities of $181k, net assets of $3.6m.