Derry Area School District Foundation Inc

Analysis

Derry Area School District Foundation Inc is a registered charity in United States, based in Derry, PA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Derry Area School District Foundation Inc reported income of $279k and spending of $230k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $279k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Derry Area School District Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Joseph L Wolcott Scholarship Fund ($279k), Yale Alumni Scholarship of Cleveland ($279k) and Birmingham Athletic Partnership ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 38% of the total. Other salaries and wages came to $101k. At year end it held assets of $822k against liabilities of $50k, net assets of $772k.