Argyle Isd Education Foundation Inc

Analysis

Argyle Isd Education Foundation Inc is a registered charity in United States, based in Argyle, TX. It received its IRS tax-exemption ruling in July 2002, 24 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 June 2024, Argyle Isd Education Foundation Inc reported income of $198k and spending of $207k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $126k to $198k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Argyle Isd Education Foundation 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 TX. Charities of a similar size with the same main cause include Association of Boxing Commissions ($197k), Foundation for Rural Education Excellence Inc ($198k) and Grand Prairie Independent School District Education Foundation ($197k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (37% of expenses). At year end it held assets of $1.0m against liabilities of $81k, net assets of $928k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.