Montgomery County Public Schools Educational Foundation Inc

Analysis

Montgomery County Public Schools Educational Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 1990, 36 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 2024, Montgomery County Public Schools Educational Foundation Inc reported income of $3.7m and spending of $4.1m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $3.7m (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 327%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montgomery County Public Schools Educational Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include San Antonio Livestock Exposition Educational Fund Inc ($3.7m), Pappas Kids Schoolhouse Foundation ($3.7m) and Wonderscope Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $174k (4.2% of expenses). Other salaries and wages came to $347k. At year end it held assets of $12.1m against liabilities of $4.8m, net assets of $7.3m. It reported 6 employees.