Lees Summit Educational Foundation Inc

Analysis

Lees Summit Educational Foundation Inc is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in February 1993, 33 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 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 2023, Lees Summit Educational Foundation Inc reported income of $832k and spending of $668k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $762k to $832k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lees Summit Educational Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include American Friends of Mosdot Zera Yitzchak Inc ($831k), Glioblastoma Research Organization Inc ($832k) and Catholic Financial Life Foundation Inc ($831k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $8.0m against liabilities of $209k, net assets of $7.8m.