Foundatin for the Educational Development of Children

Analysis

Foundatin for the Educational Development of Children is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Foundatin for the Educational Development of Children reported income of $2.0m and spending of $1.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income dropped by 258%. Over the whole period it spent 743% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundatin for the Educational Development of Children sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Jewish Fund Inc ($2.0m), United Way of Washington County ($2.0m) and Mackinac Island Community Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $41.7m against liabilities of $0, net assets of $41.7m. It reported 1 employees.