Tax Education Foundation

Analysis

Tax Education Foundation is a registered charity in United States, based in Waukee, IA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, Tax Education Foundation reported income of $379k and spending of $134k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $379k (+509%), an average of +509% a year. The sharpest change came in the year to December 2023, when income rose by 509%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tax Education 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 66th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include Meals on Wheels of Stevens Point Inc ($379k), Saline County Humane Society ($379k) and S a F E Shelter ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $25k. It paid $6,839 in professional fundraising fees. At year end it held assets of $478k against liabilities of $8,864, net assets of $469k.