Simple Foundation

Analysis

Simple Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2015, 11 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, Simple Foundation reported income of $4.1m and spending of $4.4m, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $515k to $4.1m (+688%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simple Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Navigator Pointe Academy ($4.1m), Charlotte Jewish Preschool Inc ($4.1m) and Health Occupations Students of America ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $146k (3.3% of expenses). Other salaries and wages came to $827k. At year end it held assets of $10.8m against liabilities of $2.3m, net assets of $8.5m. It reported 88 employees.