Nansemond-Suffolk Educational Foundation

Analysis

Nansemond-Suffolk Educational Foundation is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Nansemond-Suffolk Educational Foundation reported income of $173k and spending of $194k, spending 112% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $210k to $173k (-18%), an average of -6.2% a year. The sharpest change came in the year to September 2022, when income dropped by 34%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nansemond-Suffolk Educational Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Northwest Pbis Network Inc ($173k), Friends of Fountain Day School - Parent Teacher Organization ($173k) and Allatoona High School Cheerleading Booster Club Incorporated ($173k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.