Friends of Eagle Ridge Academy Inc

Analysis

Friends of Eagle Ridge Academy Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in May 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, Friends of Eagle Ridge Academy Inc reported income of $106k and spending of $28k, leaving 73% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $102k to $106k (+3.9%), an average of +3.9% a year. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Eagle Ridge Academy Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Caldwell Education and Leadership Foundation ($106k), Parakletos Inc ($106k) and Jonathan Ogden Foundation Inc ($106k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $185k against liabilities of $0, net assets of $185k.