Friends of Christian Education Inc

Analysis

Friends of Christian Education Inc is a registered charity in United States, based in Elk City, OK. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Friends of Christian Education Inc reported income of $129k and spending of $42k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $213k to $129k (-39%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 25% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Christian Education Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within OK. Charities of a similar size with the same main cause include Dark Seas Project ($129k), Iea Booster Club a NJ Nonprofit Corporation ($129k) and Glynwood Childcare Ministry Inc ($129k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.3m against liabilities of $5,095, net assets of $1.3m.