Salisbury School Educational Foundation Inc

Analysis

Salisbury School Educational Foundation Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in September 2011, 15 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, Salisbury School Educational Foundation Inc reported income of $371k and spending of $74k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $50k to $371k (+646%), an average of +65% a year. The sharpest change came in the year to June 2022, when income rose by 3408%. Over the whole period it spent 9.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salisbury School Educational Foundation Inc 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 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Kenosha Public Library Foundation Inc ($371k), CR Boosters ($372k) and West High School Athletic Council Inc ($371k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $73k (98% of expenses). At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.