Foundation for Private Enterprise Education

Analysis

Foundation for Private Enterprise Education is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in March 1979, 47 years ago. 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, Foundation for Private Enterprise Education reported income of $387k and spending of $374k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $756k to $387k (-49%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Private Enterprise Education sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Griffin Theatre Company ($387k), Ags Scholarship Foundation ($387k) and Northwest Iowa Protestant Reformed ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $90k (24% of expenses). Other salaries and wages came to $42k. At year end it held assets of $557k against liabilities of $40k, net assets of $516k. It reported 2 employees.