Foothills Educational Foundation

Analysis

Foothills Educational Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2001, 25 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, Foothills Educational Foundation reported income of $4.6m and spending of $4.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $4.6m (-5.3%), an average of -1.3% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foothills Educational Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include New Orleans Career Center ($4.6m), Continuing Education Company ($4.6m) and Future Public School Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $154k (3.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $4.1m against liabilities of $6.8m, net assets of -$2.7m. It reported 91 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.