Friendswood Isd Education Foundation Inc

Analysis

Friendswood Isd Education Foundation Inc is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in September 1999, 27 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, Friendswood Isd Education Foundation Inc reported income of $902k and spending of $1.2m, spending 133% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $390k to $902k (+131%), an average of +23% a year. The sharpest change came in the year to August 2022, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friendswood Isd Education Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Grace in Action ($902k), Global Education Ministries ($902k) and Carolina International Preparatory School ($901k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $2.2m against liabilities of $259k, net assets of $2.0m.