Longwood Philanthropic Planning Inc

Analysis

Longwood Philanthropic Planning Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Longwood Philanthropic Planning Inc reported income of $2.6m and spending of $2.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $2.6m (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longwood Philanthropic Planning Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Barrio Logan College Institute ($2.6m), Delta Zeta Foundation ($2.6m) and Newport Public Library ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. At year end it held assets of $1.0m against liabilities of $179k, net assets of $858k.