Suffolk Education Foundation

Analysis

Suffolk Education Foundation is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in November 1993, 33 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 2023, Suffolk Education Foundation reported income of $69k and spending of $91k, spending 132% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $187k to $69k (-63%), an average of -39% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suffolk Education Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Be the Narrative ($69k), Cobleskill-Richmondville Education Foundation ($69k) and Noah Farrelly Memorial Fund Ltd ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $13k. At year end it held assets of $676k against liabilities of $150, net assets of $676k. It reported 1 employees.