Norfolk Public Schools Foundation Inc

Analysis

Norfolk Public Schools Foundation Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in September 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 December 2023, Norfolk Public Schools Foundation Inc reported income of $566k and spending of $333k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $566k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norfolk Public Schools Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NE. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($566k), Encompass Academy ($566k) and Project Promise ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $36k. At year end it held assets of $3.5m against liabilities of $5,683, net assets of $3.5m. It reported 2 employees.