Education Foundation

Analysis

Education Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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, Education Foundation reported income of $267k and spending of $281k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $267k (+160%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 486%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Education Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Spark Thomasville Inc ($267k), Los Angeles Section 8 Jefferson Lomod Corporation ($267k) and Stuff the Bus of Southern Kentucky Foundation Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.0m against liabilities of $12k, net assets of $994k.