Foundation for Rural Education Excellence Inc

Analysis

Foundation for Rural Education Excellence Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in November 1998, 28 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 2024, Foundation for Rural Education Excellence Inc reported income of $198k and spending of $188k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $270k to $198k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Rural Education Excellence Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Argyle Isd Education Foundation Inc ($198k), Christian Scholarship Fund of Arizona ($198k) and Association of Boxing Commissions ($197k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.