Petal School District Education Foundation Trust Inc

Analysis

Petal School District Education Foundation Trust Inc is a registered charity in United States, based in Petal, MS. It received its IRS tax-exemption ruling in February 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Petal School District Education Foundation Trust Inc reported income of $552k and spending of $206k, leaving 63% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $298k to $552k (+85%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 69%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Petal School District Education Foundation Trust Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MS. Charities of a similar size with the same main cause include The Bellingham Public School Foundation ($552k), Chesapeake Christian Academy ($552k) and Missouri Slope Lutheran Care Center Foundation ($552k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $35k (17% of expenses). Other salaries and wages came to $8,038. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.