Fellowship Educational Foundation Inc

Analysis

Fellowship Educational Foundation Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in June 2006, 20 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 2022, Fellowship Educational Foundation Inc reported income of $5.3m and spending of $4.8m, spending 91% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $555k to $5.3m (+852%), an average of +852% a year. The sharpest change came in the year to June 2022, when income rose by 852%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fellowship Educational Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Urban League of Palm Beach County Foundation Inc ($5.3m), The Bison Childrens Scholarship Fund Inc ($5.3m) and Capital Area United Way ($5.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $86k (1.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.4m against liabilities of $649k, net assets of $787k. It reported 72 employees.