Foundation for Saline Area Schools

Analysis

Foundation for Saline Area Schools is a registered charity in United States, based in Saline, MI. It received its IRS tax-exemption ruling in June 1987, 39 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 2023, Foundation for Saline Area Schools reported income of $220k and spending of $219k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $220k to $220k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2020, when income rose by 47%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Saline Area Schools sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Secac ($220k), White River Valley Historical Society ($220k) and Nickerson Family Association Inc ($220k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $55k (25% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.