Mercer Island Schools Foundation

Analysis

Mercer Island Schools Foundation is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in July 1981, 45 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 August 2023, Mercer Island Schools Foundation reported income of $1.1m and spending of $1.2m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $1.1m (-8.0%), an average of -2.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercer Island Schools Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include My Brothers Keeper Community Services ($1.1m), Baptist Women in Ministry Inc ($1.1m) and Udi-Community Development Corporation ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $111k (9.4% of expenses). Other salaries and wages came to $68k. At year end it held assets of $900k against liabilities of $457k, net assets of $444k. It reported 3 employees.