District 742 Local Education & Activities Foundation

Analysis

District 742 Local Education & Activities Foundation is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, District 742 Local Education & Activities Foundation reported income of $404k and spending of $362k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $404k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, District 742 Local Education & Activities Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Troy Local Development Corporation ($404k), Historic Hillsboro Downtown Partnership ($404k) and Avj Foundation ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $33k (9.2% of expenses). At year end it held assets of $2.3m against liabilities of $14k, net assets of $2.3m. It reported 1 employees.