Murray Education Foundation

Analysis

Murray Education Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in February 1988, 38 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 2023, Murray Education Foundation reported income of $484k and spending of $484k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $105k to $484k (+363%), an average of +67% a year. The sharpest change came in the year to June 2021, when income rose by 98%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Murray Education Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within UT. Charities of a similar size with the same main cause include Reach the World Company ($484k), Ofallon Panther Band Boosters Inc ($485k) and Cape Charles Christian School ($484k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.