Foundation for Edmonds School District

Analysis

Foundation for Edmonds School District is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in January 1991, 35 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 June 2023, Foundation for Edmonds School District reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.5m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Edmonds School District sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Sikh Center San Francisco Bay Area ($1.5m), Wilmington Future Inc ($1.5m) and Virginia Rural Water Association ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $98k (6.9% of expenses). Other salaries and wages came to $234k. At year end it held assets of $1.9m against liabilities of $436k, net assets of $1.5m. It reported 8 employees.