San Antonio Foundation for Excellence in Education Inc

Analysis

San Antonio Foundation for Excellence in Education Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, San Antonio Foundation for Excellence in Education Inc reported income of $2.9m and spending of $3.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $2.9m (-60%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, San Antonio Foundation for Excellence in Education Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Community Charities of Minnesota ($2.9m), Marmot Library Network Inc ($2.9m) and Jewish Federation of Central Massachusetts Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $108k (3.6% of expenses). Other salaries and wages came to $276k. At year end it held assets of $7.6m against liabilities of $51k, net assets of $7.5m. It reported 19 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.