Foundation in Support of Educational Excellence Inc

Analysis

Foundation in Support of Educational Excellence Inc is a registered charity in United States, based in Briarcliff Manor, NY. It received its IRS tax-exemption ruling in March 2022, 4 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 2023, Foundation in Support of Educational Excellence Inc reported income of $263k and spending of $262k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $173k to $263k (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation in Support of Educational Excellence Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Peachtown Elementary School ($263k), Flint Area Sheet Metal Joint Appren Ticeship Fund ($263k) and Literacy Chippewa Valley ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $274k against liabilities of $3,522, net assets of $270k.