The Foundation for Andover Schools

Analysis

The Foundation for Andover Schools is a registered charity in United States, based in Andover, KS. It received its IRS tax-exemption ruling in August 1997, 29 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, The Foundation for Andover Schools reported income of $84k and spending of $94k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $69k to $84k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 139%. 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, The Foundation for Andover Schools sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KS. Charities of a similar size with the same main cause include Dr Sandor & Berthe Benedek Memorial Library ($84k), North Dakota Cutting Horse Association ($84k) and A Book a Day ($84k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.1m against liabilities of $3,181, net assets of $1.1m.