Latta Schools Educational Foundation Inc

Analysis

Latta Schools Educational Foundation Inc is a registered charity in United States, based in Latta, SC. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2024, Latta Schools Educational Foundation Inc reported income of $126k and spending of $180k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $277k to $126k (-54%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 126%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latta Schools Educational Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Parent Booster USA Inc ($126k), Ocean Beach Community Foundation Inc ($126k) and Ringgold Dugout Club ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $3.9m against liabilities of $14k, net assets of $3.9m.

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.