State College Area School District Education Foundation Inc

Analysis

State College Area School District Education Foundation Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in April 2016, 10 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 June 2023, State College Area School District Education Foundation Inc reported income of $400k and spending of $431k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $611k to $400k (-35%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 126%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, State College Area School District Education Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Tekamah-Herman Public Schools Foundation ($400k), Butte County Office of Education Charitable TR ($400k) and Howard County Public Schools Educational Foundation Inc ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $72k (17% of expenses). At year end it held assets of $1.3m against liabilities of $13k, net assets of $1.3m.