Elkin Educational Foundation

Analysis

Elkin Educational Foundation is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in April 2017, 9 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 2024, Elkin Educational Foundation reported income of $433k and spending of $137k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.4m to $433k (-70%), an average of -26% a year. The sharpest change came in the year to June 2024, when income rose by 855%. Over the whole period it spent 19% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elkin Educational 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 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Unto the Least of These Inc ($433k), Adams County Lutheran Education Association ($433k) and Turning Points for Children Charitable Foundation ($433k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 1 employees.