Education for a Bright Future - Tanzania

Analysis

Education for a Bright Future - Tanzania is a registered charity in United States, based in Spicer, MN. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Education for a Bright Future - Tanzania reported income of $51k and spending of $63k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $183k to $51k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education for a Bright Future - Tanzania sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Toronto High School Alumni Association Inc ($51k), Yau High School Sciences Awards Overseas Inc ($51k) and Virginia Congress of Parents and Teachers ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.