Corvallis Schools Foundation

Analysis

Corvallis Schools Foundation is a registered charity in United States, based in Corvallis, MT. It received its IRS tax-exemption ruling in July 1998, 28 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 December 2023, Corvallis Schools Foundation reported income of $103k and spending of $111k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $103k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corvallis Schools Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MT. Charities of a similar size with the same main cause include Living Tree Academy ($103k), Pennsville Public Library ($103k) and Incorporated Edwin Austin Abbey Memorial Scholarships for Mural Pa ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.