The Lynchburg Public Schools Education Foundation Inc

Analysis

The Lynchburg Public Schools Education Foundation Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, The Lynchburg Public Schools Education Foundation Inc reported income of $482k and spending of $440k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $332k to $482k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Lynchburg Public Schools Education Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Columbus Charities ($482k), Sister Cecilia Schneider Community Housing Development Fund ($482k) and Minot Area Council of the Arts Incorporated ($482k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.0m against liabilities of $4,115, net assets of $1.0m. It reported 3 employees.