Benedictine Educational Foundation

Analysis

Benedictine Educational Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Benedictine Educational Foundation reported income of $19.9m and spending of $11.3m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $19.9m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Benedictine Educational Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Ernst & Young Foundation ($19.8m), Prairie School Inc ($19.9m) and New Academy ($19.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $32.9m against liabilities of $14.4m, net assets of $18.5m.