Lancaster County Virginia Education Foundation Inc

Analysis

Lancaster County Virginia Education Foundation Inc is a registered charity in United States, based in Kilmarnock, VA. It received its IRS tax-exemption ruling in March 2008, 18 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, Lancaster County Virginia Education Foundation Inc reported income of $167k and spending of $313k, spending 187% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $368k to $167k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lancaster County Virginia Education Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Increase Learning Center Inc ($167k), Triumph Teen Life Center ($167k) and Racine Interfaith Coalation Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $297k against liabilities of $0, net assets of $297k.