East Grand Rapids Schools Foundation

Analysis

East Grand Rapids Schools Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1984, 42 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, East Grand Rapids Schools Foundation reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.3m to $1.7m (-49%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 75%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Grand Rapids Schools Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include American University in Kosovo Foundation ($1.7m), Kansas City Public Schools Education Foundation ($1.7m) and Maine Educators Consortium Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% of the total. Compensation of current officers, directors and key employees was $128k (12% of expenses). Other salaries and wages came to $249k. At year end it held assets of $17.2m against liabilities of $875k, net assets of $16.3m. It reported 5 employees.