Mary Ellen Halvorson Education Foundation

Analysis

Mary Ellen Halvorson Education Foundation is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in June 1999, 27 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, Mary Ellen Halvorson Education Foundation reported income of $3.1m and spending of $3.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.1m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mary Ellen Halvorson Education Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Layc Career Academy Public Charter School ($3.1m), Wisconsin Hispanic Scholarship Foundation Inc ($3.1m) and Texas Foundation for Educational Advancement Incorporated ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $215k (7.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.1m against liabilities of $117k, net assets of $4.0m. It reported 44 employees.