Assumption Foundation For K-12 Schools
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Assumption Foundation For K-12 Schools is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 1973, with $628,314 in FY2024 revenue. CharityIndex grades it D.
Po Box 634, Milwaukee, WI, 53201 EIN 23-7311256 Since 1973
Revenue (FY2024)
$628K
▼ 19.8% vs prior year
Expenses (FY2024)
$793K
Net assets
$7.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Assumption Foundation For K-12 Schools— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating108 mo reserves · -26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Assumption Foundation For K-12 Schools: 108 mo reserves · -26% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Assumption Foundation For K-12 Schools— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Assumption Foundation For K-12 Schools: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $810K (FY2014) to $628K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $7.1M
Operating margin
-26.3%
Spent more than it raised in the latest fiscal year.
Total assets
$7.1M
Total liabilities
$0
Net assets
$7.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $628,314▼19.8% | $793,388▲172% | $7,146,917▼2.6% | $7,146,917▼2.6% | 990 |
| 2023 | $782,999▲26.7% | $291,630▲78.2% | $7,339,782▲8.8% | $7,339,782▲8.8% | 990 |
| 2022 | $618,184▼23.7% | $163,621▼76.6% | $6,745,633▲31.5% | $6,745,633▲31.5% | 990 |
| 2014 | $810,350 | $698,956 | $5,130,043 | $5,130,043 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $25K total
2 grants to Assumption Foundation For K-12 Schools totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $15,000 |
Frequently asked questions
- Is Assumption Foundation For K-12 Schools a legitimate nonprofit?
- Yes. Assumption Foundation For K-12 Schools is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7311256, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Assumption Foundation For K-12 Schools's EIN?
- Assumption Foundation For K-12 Schools's Employer Identification Number (EIN) is 23-7311256.
- How much revenue does Assumption Foundation For K-12 Schools report?
- Assumption Foundation For K-12 Schools reported $628,314 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Assumption Foundation For K-12 Schools have?
- CharityIndex grades Assumption Foundation For K-12 Schools D, based on financial health (reserves and operating margin).
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Data for Assumption Foundation For K-12 Schools (EIN 23-7311256) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.