Falls Church Education Foundation

Analysis

Falls Church Education Foundation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, Falls Church Education Foundation reported income of $485k and spending of $489k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $429k to $485k (+13%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Falls Church Education Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include National Church Residences ($485k), Leftovers ($485k) and San Joaquin Valley Town Hall Inc ($485k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $69k (14% of expenses). Other salaries and wages came to $55k. At year end it held assets of $2.0m against liabilities of $48k, net assets of $2.0m. It reported 2 employees.