Calhoun Education Foundation Corporation

Analysis

Calhoun Education Foundation Corporation is a registered charity in United States, based in Calhoun City, MS. It received its IRS tax-exemption ruling in June 2018, 8 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 2024, Calhoun Education Foundation Corporation reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $692k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calhoun Education Foundation Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include World Basc Organization Inc ($1.1m), Fortis Academy Incorporated ($1.1m) and State University of New York at Binghamton Alumni Association Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 74% of the total. Other salaries and wages came to $542k. At year end it held assets of $365k against liabilities of $58k, net assets of $307k. It reported 36 employees.