Dearborn Education Foundation

Analysis

Dearborn Education Foundation is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in February 1993, 33 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, Dearborn Education Foundation reported income of $268k and spending of $285k, spending 106% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $197k to $268k (+36%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dearborn Education Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Almaville Fire & Rescue Department Inc ($268k), Camp McCumber Corp ($268k) and St George Foundation for the Classics ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). At year end it held assets of $114k against liabilities of $18k, net assets of $96k.