Elkhart Education Foundation

Analysis

Elkhart Education Foundation is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elkhart Education Foundation reported income of $327k and spending of $235k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $462k to $327k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elkhart Education Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Charityex Foundation Inc ($327k), Ellen Reece Legacy Corp ($327k) and Del Sur Educational Foundation ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $65k (28% of expenses). Other salaries and wages came to $82k. At year end it held assets of $330k against liabilities of $0, net assets of $330k. It reported 5 employees.