Cannon Falls Educational Foundation

Analysis

Cannon Falls Educational Foundation is a registered charity in United States, based in Cannon Falls, MN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cannon Falls Educational Foundation reported income of $180k and spending of $119k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $88k to $180k (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 52%. 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, Cannon Falls Educational Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Smyrna Township Volunteer Firedepartment ($180k), Norfolk Catholic School Foundation ($180k) and Habitat for Humanity International Inc ($180k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $1.8m against liabilities of $100, net assets of $1.8m.