U-46 Educational Foundation

Analysis

U-46 Educational Foundation is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in July 2007, 19 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, U-46 Educational Foundation reported income of $161k and spending of $195k, spending 121% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $169k to $161k (-5.0%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, U-46 Educational Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Childrens Care and Development Centers Inc ($161k), Rapid City Band Association Inc ($161k) and Clark-Pleasant Education Foundation Inc ($161k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 48% of the total. It paid $3,000 in professional fundraising fees. At year end it held assets of $956k against liabilities of $18k, net assets of $938k.