Freeport Educational Foundation Inc

Analysis

Freeport Educational Foundation Inc is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in May 2014, 12 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 June 2023, Freeport Educational Foundation Inc reported income of $83k and spending of $7,142, leaving 91% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $37k to $83k (+126%), an average of +126% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Freeport Educational Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Literacy Volunteers of Kennebec ($83k), Brainerd Warrior Football Association ($83k) and Atlanta Isd Education Foundation Inc ($83k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.