Clay County Educational Foundation Inc

Analysis

Clay County Educational Foundation Inc is a registered charity in United States, based in West Point, MS. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Clay County Educational Foundation Inc reported income of $3.5m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.5m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clay County Educational Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include College of the Desert Foundation ($3.5m), Integrated Science and Asian Culture Academy ($3.5m) and Chrysalis Charter School ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 77% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.6m against liabilities of $665k, net assets of $929k. It reported 110 employees.