Frankfort-Elberta Area Schools Educational Foundation

Analysis

Frankfort-Elberta Area Schools Educational Foundation is a registered charity in United States, based in Frankfort, MI. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Frankfort-Elberta Area Schools Educational Foundation reported income of $69k and spending of $18k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $69k (+183%), an average of +183% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frankfort-Elberta Area Schools Educational Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Sartell-St Stephen Educational Foundation ($69k), Hellenic University Club of Philadelphia ($69k) and East Valley Elementary School Foundation Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $374k against liabilities of $0, net assets of $374k.