Tuscaloosa City Schools Education Foundation Inc

Analysis

Tuscaloosa City Schools Education Foundation Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Tuscaloosa City Schools Education Foundation Inc reported income of $294k and spending of $281k, spending 96% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $123k to $294k (+139%), an average of +34% a year. The sharpest change came in the year to September 2022, when income rose by 673%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tuscaloosa City Schools Education Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Friends of Sozo Kids ($294k), Falls City Educational Foundation ($294k) and Covington-Newton County United Fund Inc ($293k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $43k (15% of expenses). Other salaries and wages came to $4,723. At year end it held assets of $1.0m against liabilities of $1,283, net assets of $1.0m. It reported 2 employees.