Foundation for Allen Schools

Analysis

Foundation for Allen Schools is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in July 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 June 2024, Foundation for Allen Schools reported income of $746k and spending of $729k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $683k to $746k (+9.2%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Allen Schools sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include B2theworld ($746k), Committee for Acl NJCL National Latin Exam ($746k) and Rocky Mountain Association of Ib World Schools ($746k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.9m against liabilities of $20k, net assets of $1.8m.