The Schools Foundation Inc

Analysis

The Schools Foundation Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in October 1991, 35 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, The Schools Foundation Inc reported income of $603k and spending of $430k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $751k to $603k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Schools Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include North Shore Montessori School Inc ($603k), Montgomery County Partnership for Children Inc ($604k) and Willow Oak Montessori Foundation Inc ($603k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $99k (23% of expenses). At year end it held assets of $930k against liabilities of $2,209, net assets of $928k. It reported 2 employees.