Foundation for Innovation in Education

Analysis

Foundation for Innovation in Education is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Foundation for Innovation in Education reported income of $279k and spending of $188k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $276k to $279k (+1.0%), an average of +1.0% a year. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Innovation in Education sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Cochise Association of Parents & Teachers ($279k), Concerned Citizens of Whitesboro Inc ($279k) and Father Yermo Schools Capital Campaign Inc ($278k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $367k against liabilities of $0, net assets of $367k.