Foundations Early Learning and Family Center Inc

Analysis

Foundations Early Learning and Family Center Inc is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Foundations Early Learning and Family Center Inc reported income of $990k and spending of $928k, spending 94% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $554k to $990k (+79%), an average of +21% a year. The sharpest change came in the year to July 2023, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundations Early Learning and Family Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Park Montessori Incorporated ($990k), Eda and Cliff Viner Community Scholars Foundation Inc ($990k) and Ask Academy Education Foundation ($990k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $699k. At year end it held assets of $430k against liabilities of $0, net assets of $430k.