Student Assistance Foundation for Education

Analysis

Student Assistance Foundation for Education is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Student Assistance Foundation for Education reported income of $6.8m and spending of $294k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $64k to $6.8m (+10393%), an average of +220% a year. The sharpest change came in the year to June 2023, when income rose by 13597%. Over the whole period it spent 8.5% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student Assistance Foundation for Education sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Alder Grove Charter School ($6.8m), Atenas University Dr Maria Luisa Hernandez Inc ($6.8m) and West Texas Matador Club Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m.