Preston Education Foundation

Analysis

Preston Education Foundation is a registered charity in United States, based in Preston, ID. It received its IRS tax-exemption ruling in February 1998, 28 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 2023, Preston Education Foundation reported income of $196k and spending of $544k, spending 278% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $112k to $196k (+75%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 447%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preston Education Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within ID. Charities of a similar size with the same main cause include The Foundation for Music Education ($196k), Fountain Valley Football Boosters ($196k) and International Interior Design Association Foundation ($196k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $367k against liabilities of $0, net assets of $367k.