Lake Lure Community Education Foundation

Analysis

Lake Lure Community Education Foundation is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lake Lure Community Education Foundation reported income of $669k and spending of $472k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $652k to $669k (+2.7%), an average of +0.7% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lake Lure Community Education Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Southwest Florida Library Network ($669k), I Ams Temple Ministries ($669k) and Friends of the Pennsylvania Farm Show Foundation ($669k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $12.1m against liabilities of $11.3m, net assets of $860k.