Foundation for Teaching Economics

Analysis

Foundation for Teaching Economics is a registered charity in United States, based in Davis, CA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Foundation for Teaching Economics reported income of $87k and spending of $94k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to August 2023, income fell from $229k to $87k (-62%), an average of -22% a year. The sharpest change came in the year to August 2022, when income rose by 398%. Over the whole period it spent 296% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Foundation for Teaching Economics sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Hanover County Lacrosse Club ($87k), Christian Book Fair ($87k) and Police Atheltic League of Fort Wayne & Allen County Incoporated ($87k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $14k, net assets of $7,224.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.