Foundation for Educational Services Inc

Analysis

Foundation for Educational Services Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Foundation for Educational Services Inc reported income of $20.0m and spending of $20.7m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.3m to $20.0m (+9.3%), an average of +2.2% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Educational Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Lakeshore Estate Inc ($20.0m), Skin Cancer Foundation Inc ($20.0m) and The Rehabilitation Group of Pennsylvania Inc ($20.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.8m (8.7% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $10.1m against liabilities of $5.3m, net assets of $4.8m. It reported 199 employees.