Longwood University Real Estate Foundation

Analysis

Longwood University Real Estate Foundation is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Longwood University Real Estate Foundation reported income of $29.6m and spending of $36.6m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.2m to $29.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longwood University Real Estate Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Legacy Christian Academy ($29.6m), Star Sports Theatre Arts & Recreation Inc ($29.7m) and Roxbury Latin School Inc ($29.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $137k (0.4% of expenses). Other salaries and wages came to $139k. At year end it held assets of $301.5m against liabilities of $335.1m, net assets of -$33.6m. It reported 16 employees.