Blount County Education Foundation Inc

Analysis

Blount County Education Foundation Inc is a registered charity in United States, based in Oneonta, AL. It received its IRS tax-exemption ruling in March 1999, 27 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, Blount County Education Foundation Inc reported income of $2.9m and spending of $2.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $498k to $2.9m (+481%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blount County Education Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Discovery Charter School ($2.9m), Baptist Healthplex Inc ($2.9m) and Yeshivat or Hachaim of Lakewood Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $35k (1.5% of expenses). At year end it held assets of $1.7m against liabilities of $9,750, net assets of $1.7m.