Colfax Schools Foundation

Analysis

Colfax Schools Foundation is a registered charity in United States, based in Colfax, WA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Colfax Schools Foundation reported income of $66k and spending of $56k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $66k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 53%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colfax Schools Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include Richardsville Elementary PTO ($66k), The Bison Foundation ($66k) and Big Woods PTO ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $489k against liabilities of $8,168, net assets of $481k.