Corvallis Public Schools Foundation

Analysis

Corvallis Public Schools Foundation is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Corvallis Public Schools Foundation reported income of $946k and spending of $741k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $749k to $946k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Corvallis Public Schools Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include Well-Spring Foundation ($945k), Florida K of C Charities Inc ($946k) and Ruth Cheatham Foundation College Fund ($945k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $75k (10% of expenses). Other salaries and wages came to $73k. At year end it held assets of $2.6m against liabilities of $375, net assets of $2.6m. It reported 4 employees.