Grand Forks Foundation for Education Inc

Analysis

Grand Forks Foundation for Education Inc is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Grand Forks Foundation for Education Inc reported income of $429k and spending of $1.5m, spending 352% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $690k to $429k (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 1246%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Forks Foundation for Education Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ND. Charities of a similar size with the same main cause include Victory Brookside Inc ($429k), Tucson Presidio Trust for Historic Preservation ($429k) and Center for the Study of the Americas Incorporated ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $69k. At year end it held assets of $13.4m against liabilities of $64k, net assets of $13.3m.