Farmington Central Academic Foundation

Analysis

Farmington Central Academic Foundation is a registered charity in United States, based in Farmington, IL. It received its IRS tax-exemption ruling in September 1994, 32 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, Farmington Central Academic Foundation reported income of $329k and spending of $207k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $106k to $329k (+211%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Farmington Central Academic Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Kennett Square Pre School Cooperative ($329k), Eagan High School Football Boosters Club ($329k) and International Association of Law Schools ($329k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.