Greene County Local Educational Advancement Foundation

Analysis

Greene County Local Educational Advancement Foundation is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, Greene County Local Educational Advancement Foundation reported income of $55k and spending of $65k, spending 118% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $293k to $55k (-81%), an average of -43% a year. The sharpest change came in the year to December 2021, when income dropped by 62%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greene County Local Educational Advancement Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Windsor Educational Foundation ($55k), Rosemoor Community Association ($55k) and Townsend Public Library Endowment Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $8,759 against liabilities of $0, net assets of $8,759.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.