The J127 Education Foundation

Analysis

The J127 Education Foundation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The J127 Education Foundation reported income of $15.8m and spending of $16.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $15.8m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The J127 Education Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Apogee Georgia School Choice Scholarship Fund ($15.8m), San Francisco Study Center Inc ($15.8m) and Bexar County Performing Arts Center Foundation ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $527k (3.3% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $29.5m against liabilities of $14.2m, net assets of $15.4m. It reported 369 employees.