Financial Assistance for Independent Schools

Analysis

Financial Assistance for Independent Schools is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Financial Assistance for Independent Schools reported income of $526k and spending of $620k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.0m to $526k (-50%), an average of -13% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Financial Assistance for Independent Schools sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AZ. Charities of a similar size with the same main cause include Hilliard Music Boosters ($526k), Heartland Christian Schools Inc ($526k) and Northwest University Foundation ($526k).

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 $1.8m against liabilities of $0, net assets of $1.8m.