Sylacauga City Schools Foundation Inc

Analysis

Sylacauga City Schools Foundation Inc is a registered charity in United States, based in Sylacauga, AL. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Sylacauga City Schools Foundation Inc reported income of $318k and spending of $93k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $318k (+187%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sylacauga City Schools Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within AL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($318k), Association of Fundraising Professionals ($318k) and Mogadore Athletic Boosters Association ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.