Friends of Atlantic Beach Elementary School Inc

Analysis

Friends of Atlantic Beach Elementary School Inc is a registered charity in United States, based in Atlantic BCH, FL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Friends of Atlantic Beach Elementary School Inc reported income of $94k and spending of $85k, spending 90% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $102k to $94k (-7.3%), an average of -7.3% a year. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Atlantic Beach Elementary School Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Lucille Hunter Gt-Aig Magnet Elementary School Foundation ($94k), Sauk Prairie Sports Booster Club ($94k) and Belleville Township High School District 201 Educational FNDTN Ltd ($94k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.