Lunenburg Nottoway Educational Foundation

Analysis

Lunenburg Nottoway Educational Foundation is a registered charity in United States, based in Blackstone, VA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lunenburg Nottoway Educational Foundation reported income of $6.3m and spending of $5.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $6.3m (+72%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lunenburg Nottoway Educational Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include The Young Womens Christian Assoc of Yonkers ($6.3m), Triangle Day School Inc ($6.3m) and Vermont Adult Learning Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $5.1m against liabilities of $2.8m, net assets of $2.4m. It reported 85 employees.