Bennington Public Schools Foundation

Analysis

Bennington Public Schools Foundation is a registered charity in United States, based in Bennington, NE. It received its IRS tax-exemption ruling in April 1993, 33 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 August 2023, Bennington Public Schools Foundation reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to August 2023, income fell from $1.1m to $1.1m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bennington Public Schools Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Laurens County Safe Homes Network ($1.1m), St Carlo Acutis Virtual Academy Inc ($1.1m) and Acorn a School for Young Children ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $45k (4.4% of expenses). Other salaries and wages came to $604k. At year end it held assets of $2.6m against liabilities of $164k, net assets of $2.4m.