Livonia Public Schools Foundation Inc

Analysis

Livonia Public Schools Foundation Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Livonia Public Schools Foundation Inc reported income of $131k and spending of $138k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $177k to $131k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Livonia Public Schools Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Einstein Learning Center Inc ($131k), Our Community Works ($131k) and Josephine Lilly Wolf Memorial Scholarship Foundation ($131k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $41k (30% of expenses). At year end it held assets of $1.4m against liabilities of $1,004, net assets of $1.4m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.