Snohomish Education Foundation

Analysis

Snohomish Education Foundation is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in December 1993, 33 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, Snohomish Education Foundation reported income of $491k and spending of $545k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $489k to $491k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Snohomish Education Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include The Young Womens Project ($491k), McIntosh Area School Inc ($491k) and Oklahoma Schools Advisory Council ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.7m against liabilities of $15k, net assets of $1.7m. It reported 4 employees.