White Bear Lake Area Educational Foundation

Analysis

White Bear Lake Area Educational Foundation is a registered charity in United States, based in White Bear Lake, MN. It received its IRS tax-exemption ruling in November 1994, 32 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, White Bear Lake Area Educational Foundation reported income of $367k and spending of $382k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $459k to $367k (-20%), an average of -7.2% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, White Bear Lake Area Educational 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 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Farms to Grow Inc ($367k), National Registry of Exonerations Foundation ($367k) and Georgia Association of Fire Chiefs Inc ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $65k (17% of expenses). Other salaries and wages came to $17k. At year end it held assets of $4.2m against liabilities of $3,891, net assets of $4.2m. It reported 3 employees.