Corsicana Isd Education Foundation Inc

Analysis

Corsicana Isd Education Foundation Inc is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in December 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 August 2023, Corsicana Isd Education Foundation Inc reported income of $246k and spending of $249k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $329k to $246k (-25%), an average of -7.0% a year. The sharpest change came in the year to August 2023, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corsicana Isd Education Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Westmoreland Country Club Scholarship Foundation ($246k), Arts Cheyenne ($246k) and Ontario-Montclair Schools Foundation ($246k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $33k. At year end it held assets of $542k against liabilities of $6,245, net assets of $536k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.