Grand Island Public Schools Foundation

Analysis

Grand Island Public Schools Foundation is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in January 1991, 35 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 August 2023, Grand Island Public Schools Foundation reported income of $3.7m and spending of $1.8m, leaving 52% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $3.3m to $3.7m (+11%), an average of +3.6% a year. The sharpest change came in the year to August 2022, when income rose by 65%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grand Island Public Schools Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Regeneration Schools Ohio ($3.7m), University of Houston Law Foundation ($3.7m) and Auburn Theological Seminary ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $79k (4.4% of expenses). Other salaries and wages came to $157k. At year end it held assets of $11.3m against liabilities of $1.2m, net assets of $10.1m. It reported 6 employees.