Tremont Education Foundation

Analysis

Tremont Education Foundation is a registered charity in United States, based in Tremont, IL. It received its IRS tax-exemption ruling in October 1992, 34 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 December 2023, Tremont Education Foundation reported income of $104k and spending of $57k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $133k to $104k (-22%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 194%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tremont Education Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($104k), Dublin Chamber Civic Foundation ($104k) and Northern Highalnds Safe & Sober Project Graduation Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $714k against liabilities of $0, net assets of $714k.