Foundation for Excellence Owensboro Independent Schools

Analysis

Foundation for Excellence Owensboro Independent Schools is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in April 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 (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, Foundation for Excellence Owensboro Independent Schools reported income of $270k and spending of $219k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $365k to $270k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income dropped by 63%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Excellence Owensboro Independent Schools sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Journi ($270k), African American Teaching Fellows of Charlottesville-Albemarle Inc ($270k) and Talladega College Real Estate SC Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.0m against liabilities of $738, net assets of $1.0m.