Leominster Education Foundation Inc

Analysis

Leominster Education Foundation Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Leominster Education Foundation Inc reported income of $70k and spending of $61k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $70k (-1.5%), an average of -1.5% a year. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leominster Education Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Massachusetts Neuropsychological Society Inc ($70k), Run for Fitness ($70k) and St Regis Foundation Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 53% of the total. At year end it held assets of $195k against liabilities of $1,811, net assets of $193k.