FCNL Education Fund

Analysis

FCNL Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, FCNL Education Fund reported income of $4.6m and spending of $6.8m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $4.6m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, FCNL Education Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Hyles-Anderson College Inc ($4.6m), Denver Islamic Education Center ($4.6m) and Finger Lakes Ipa Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $314k (4.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $37.4m against liabilities of $3.6m, net assets of $33.9m.