Corunna Public Schools Educational Foundation

Analysis

Corunna Public Schools Educational Foundation is a registered charity in United States, based in Corunna, MI. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2024, Corunna Public Schools Educational Foundation reported income of $148k and spending of $104k, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $96k to $148k (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corunna Public Schools Educational Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Solano County Swat ($148k), Roseanne Coleman Ministries Inc ($148k) and Neriah Community Development Corporation ($148k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $5,000 (4.8% of expenses). At year end it held assets of $971k against liabilities of $167k, net assets of $804k.