Carrollton-Farmers Branch Indep SCHL Dist Educ Foundation

Analysis

Carrollton-Farmers Branch Indep SCHL Dist Educ Foundation is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in May 1997, 29 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, Carrollton-Farmers Branch Indep SCHL Dist Educ Foundation reported income of $293k and spending of $275k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $385k to $293k (-24%), an average of -6.6% a year. The sharpest change came in the year to August 2022, when income dropped by 41%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carrollton-Farmers Branch Indep SCHL Dist Educ Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Bella Vista Bronco Boosters Inc ($293k), Woodridge Foundation ($293k) and Musketeer Athletic Boosters ($293k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.5m against liabilities of $14k, net assets of $1.4m.