North Thurston Education Foundation

Analysis

North Thurston Education Foundation is a registered charity in United States, based in Tumwater, WA. It received its IRS tax-exemption ruling in April 1994, 32 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 July 2023, North Thurston Education Foundation reported income of $473k and spending of $768k, spending 162% of what it took in. Across the 6 years on record, from December 2018 to July 2023, income fell from $570k to $473k (-17%), an average of -3.6% a year. The sharpest change came in the year to July 2020, when income rose by 165%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Thurston 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 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Fairvote Minnesota Foundation ($473k), Soldiers 6 Inc ($473k) and Marin History Museum ($473k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $98k. At year end it held assets of $2.3m against liabilities of $1,954, net assets of $2.3m. It reported 1 employees.