Anderson Five Education Foundation

Analysis

Anderson Five Education Foundation is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anderson Five Education Foundation reported income of $181k and spending of $163k, spending 90% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $329k to $181k (-45%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anderson Five Education Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include Pasadena Altadena Community Endowment Fund ($181k), Academy for Academic Excellence ($181k) and California Virtual Academy- Jamestown ($181k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $502k against liabilities of $7,608, net assets of $495k.