622 Education Foundation Inc

Analysis

622 Education Foundation Inc is a registered charity in United States, based in North St Paul, MN. It received its IRS tax-exemption ruling in December 2022, 4 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 2024, 622 Education Foundation Inc reported income of $110k and spending of $64k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $495k to $110k (-78%), an average of -31% a year. The sharpest change came in the year to June 2021, when income dropped by 91%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 622 Education Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Royalton Memorial Libary Assoc ($110k), Hhi Seahawks Ptso Inc ($110k) and Soulsbyville PTO Inc ($110k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $361k against liabilities of $639, net assets of $360k.