The Luxury Education Foundation

Analysis

The Luxury Education Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1988, 38 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 December 2023, The Luxury Education Foundation reported income of $191k and spending of $281k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $191k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Luxury Education Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Midland Teen Court Inc ($191k), Sunshine Fund Inc ($191k) and Buffalo Evening News Charity Fund ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $183k. At year end it held assets of $182k against liabilities of $3,202, net assets of $179k. It reported 2 employees.