Faria Education Enrichment Fund

Analysis

Faria Education Enrichment Fund is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Faria Education Enrichment Fund reported income of $228k and spending of $206k, spending 91% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $263k to $228k (-13%), an average of -6.9% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faria Education Enrichment Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Higley High School Parents U-Knight Booster Club ($228k), Proremm Corporation ($228k) and Gordon Lee Charitable Trust 189-8804337 ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $469k against liabilities of $0, net assets of $469k.