Fort Thomas Education Foundation Inc

Analysis

Fort Thomas Education Foundation Inc is a registered charity in United States, based in Fort Thomas, KY. It received its IRS tax-exemption ruling in September 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 June 2023, Fort Thomas Education Foundation Inc reported income of $443k and spending of $267k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $433k to $443k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fort Thomas Education Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include National Black College Alumni Hall of Fame Foundation ($443k), Trinity Western University Foundation U S ($443k) and Brainerd Public Schools Foundation ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 5 employees.