Glasgow Independent Schools Education Foundation Inc

Analysis

Glasgow Independent Schools Education Foundation Inc is a registered charity in United States, based in Glasgow, KY. It received its IRS tax-exemption ruling in August 1992, 34 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, Glasgow Independent Schools Education Foundation Inc reported income of $115k and spending of $94k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $257k to $115k (-55%), an average of -55% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glasgow Independent Schools Education Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within KY. Charities of a similar size with the same main cause include California Reading Association ($115k), Lost Dunes Memorial Scholarship Fund ($115k) and Parent Booster USA Inc ($115k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $644k against liabilities of $0, net assets of $644k.