Educational Facilities Corporationfor Lexington School District No 2

Analysis

Educational Facilities Corporationfor Lexington School District No 2 is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in October 2007, 19 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Educational Facilities Corporationfor Lexington School District No 2 reported income of $2.1m and spending of $525k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $2.1m (-2.8%), an average of -0.7% a year. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Educational Facilities Corporationfor Lexington School District No 2 sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Ashurst Perkins Coie Foundation ($2.1m), Matan B Sayser of Cleveland Inc ($2.1m) and Arizona Cardinals Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $15.6m against liabilities of $15.6m, net assets of $0.