Nelson County Education Foundation Inc

Analysis

Nelson County Education Foundation Inc is a registered charity in United States, based in Lovingston, VA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nelson County Education Foundation Inc reported income of $117k and spending of $110k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $117k (-1.3%), an average of -1.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nelson County Education Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Alabama Hospice Organization ($117k), Calvary Outreach Mission U S a ($117k) and Marshalltown Area Soccer Club Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.