Ludington Area Catholic Education Foundation

Analysis

Ludington Area Catholic Education Foundation is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in October 1990, 36 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 December 2023, Ludington Area Catholic Education Foundation reported income of $212k and spending of $148k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $121k to $212k (+76%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 1000%. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ludington Area Catholic Education Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Field Station Cooperative ($212k), Rewritten ($212k) and Wusd Star Foundation ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.6m against liabilities of $1,000, net assets of $1.6m.