School District 877 Education and Scholarship Foundation

Analysis

School District 877 Education and Scholarship Foundation is a registered charity in United States, based in Buffalo, MN. It received its IRS tax-exemption ruling in October 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, School District 877 Education and Scholarship Foundation reported income of $145k and spending of $94k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $158k to $145k (-8.2%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. 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, School District 877 Education and Scholarship Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Norris School District Educational Foundation ($145k), Naples Music Club Inc ($145k) and Greater Rochester Amateur Athletic Federation Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $592k against liabilities of $0, net assets of $592k.