Great Expectations Foundation

Analysis

Great Expectations Foundation is a registered charity in United States, based in Tahlequah, OK. It received its IRS tax-exemption ruling in September 1993, 33 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 April 2023, Great Expectations Foundation reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.6m to $1.5m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to April 2021, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Expectations Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Friends of Academy of the City Inc ($1.5m), Khalsa Montessori Elementary School ($1.5m) and Einstrong Foundation ($1.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $912k. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.2m.