Clovis Municipal Schools Foundation Inc

Analysis

Clovis Municipal Schools Foundation Inc is a registered charity in United States, based in Clovis, NM. It received its IRS tax-exemption ruling in April 2007, 19 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 June 2024, Clovis Municipal Schools Foundation Inc reported income of $137k and spending of $80k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $132k to $137k (+3.4%), an average of +0.8% a year. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Clovis Municipal Schools Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within NM. Charities of a similar size with the same main cause include Hands of Grace Worldwide ($137k), Chicagoland Italian American ($137k) and Leapfrog Montessori Forest School ($137k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $23k (29% of expenses). At year end it held assets of $1.0m against liabilities of $1,785, net assets of $1.0m. It reported 2 employees.