Laurens Education Assistance for District No 55

Analysis

Laurens Education Assistance for District No 55 is a registered charity in United States, based in Laurens, SC. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2023, Laurens Education Assistance for District No 55 reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.1m (+105%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laurens Education Assistance for District No 55 sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include University of Rhode Island Student Senate Inc ($3.1m), Free Minds Book Club & Writing Workshop ($3.1m) and Lyra ($3.1m).

At year end it held assets of $0 against liabilities of $0, net assets of $0.