Southeast Polk Education Foundation Inc

Analysis

Southeast Polk Education Foundation Inc is a registered charity in United States, based in Altoona, IA. It received its IRS tax-exemption ruling in April 2017, 9 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 December 2023, Southeast Polk Education Foundation Inc reported income of $181k and spending of $128k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $323k to $181k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeast Polk Education Foundation Inc 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 51st percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Colorado Drug Investigators Association ($181k), Oakland Technology & Education Center ($181k) and MZ Goose Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $326k against liabilities of $0, net assets of $326k.