Ferguson Charitable Foundation

Analysis

Ferguson Charitable Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ferguson Charitable Foundation reported income of $1.6m and spending of $934k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $430k to $1.6m (+262%), an average of +262% a year. The sharpest change came in the year to December 2023, when income rose by 262%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ferguson Charitable Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Industry Initiatives for Science and Math Education ($1.6m), Temple Christian Academy Inc ($1.6m) and HVS Corp ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (15% of expenses). At year end it held assets of $918k against liabilities of $0, net assets of $918k.