Foundation for Excellence in Education

Analysis

Foundation for Excellence in Education is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Foundation for Excellence in Education reported income of $5.1m and spending of $5.0m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.0m to $5.1m (-27%), an average of -7.7% a year. The sharpest change came in the year to August 2020, when income dropped by 34%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Excellence in Education sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Stages St Louis ($5.1m), Boc Capital Corp ($5.1m) and Bay Area Council on Drugs & Alcohol Inc ($5.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $436k (8.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.6m against liabilities of $4.6m, net assets of $7.0m. It reported 57 employees.