McFarland Education Foundation Inc

Analysis

McFarland Education Foundation Inc is a registered charity in United States, based in McFarland, WI. It received its IRS tax-exemption ruling in December 2019, 7 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 2023, McFarland Education Foundation Inc reported income of $51k and spending of $66k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $55k to $51k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 146% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McFarland Education Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Military Magnet School Foundation ($51k), South Lyon High School Band Parents Association ($51k) and Colm Cille Club ($51k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $802k against liabilities of $0, net assets of $802k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.