Sec Education Foundation Inc

Analysis

Sec Education Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2002, 24 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sec Education Foundation Inc reported income of $126k and spending of $81k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $126k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sec Education Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Hunter Brooks Watson Memorial Fund ($126k), Adel Desoto Community School District Scholarship Foundation ($126k) and DBC Foundation ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.