Fayette Street Educational Foundation

Analysis

Fayette Street Educational Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fayette Street Educational Foundation reported income of $432k and spending of $400k, spending 93% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $273k to $432k (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 181%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fayette Street Educational Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Friends of the Memphis & Shelby County Public Libraries ($432k), California Community Colleges Extd Opportunity Programs & Serv Assoc ($432k) and Friends of Burley ($432k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $98k (24% of expenses). Other salaries and wages came to $174k. At year end it held assets of $184k against liabilities of $1,285, net assets of $183k. It reported 11 employees.