Foundation for Packaging Education

Analysis

Foundation for Packaging Education is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation for Packaging Education reported income of $428k and spending of $166k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2020 to June 2023, income grew from $223k to $428k (+92%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 625%. Over the whole period it spent 8.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Packaging Education sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Marshall Christensen Foundation for International Higher Education ($428k), Sarala Bathena Foundation ($428k) and Hospice Cleveland County Foundation ($428k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.4m against liabilities of $62, net assets of $2.4m.