LA Vernia Education Foundation

Analysis

LA Vernia Education Foundation is a registered charity in United States, based in LA Vernia, TX. It received its IRS tax-exemption ruling in June 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 June 2024, LA Vernia Education Foundation reported income of $136k and spending of $188k, spending 138% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $138k to $136k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 70%. 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, LA Vernia Education Foundation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Redmond Tamil School ($136k), Vistancia Elementary PTO ($136k) and National Association of Black Geoscientists ($136k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.