Florence City Schools Education Foundation

Analysis

Florence City Schools Education Foundation is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in February 2002, 24 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 June 2024, Florence City Schools Education Foundation reported income of $110k and spending of $104k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $112k to $110k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florence City Schools Education Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within AL. Charities of a similar size with the same main cause include Sunrise Residential Inc ($110k), Creative Center Foundation ($110k) and Wallingford Foundation Sponsored by the Rotary Club of Wallingford ($109k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $20k. At year end it held assets of $148k against liabilities of $1,125, net assets of $146k. It reported 1 employees.