Foundation for Education for Generations

Analysis

Foundation for Education for Generations is a registered charity in United States, based in Bountiful, UT. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Foundation for Education for Generations reported income of $702k and spending of $593k, spending 84% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $398k to $702k (+76%), an average of +15% a year. The sharpest change came in the year to March 2021, when income rose by 120%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Education for Generations sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Compassionate Connections Center Inc ($702k), United Soup Kitchens Inc ($703k) and Chrysalis House Inc ($702k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.