The Foundation for Catholic Secondary Education of Greater

Analysis

The Foundation for Catholic Secondary Education of Greater is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation for Catholic Secondary Education of Greater reported income of $1.6m and spending of $874k, leaving 47% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.6m (-9.4%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Foundation for Catholic Secondary Education of Greater sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Academy of Hope ($1.6m), Greensboro Islamic Academy ($1.6m) and Evergreen Community School Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $23.7m against liabilities of $710k, net assets of $23.0m.