National Education Foundation

Analysis

National Education Foundation is a registered charity in United States, based in MC Lean, VA. It received its IRS tax-exemption ruling in November 1990, 36 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, National Education Foundation reported income of $2.9m and spending of $595k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.9m (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Education Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Pittsburgh Gateways Corporation ($2.9m), Literacy Kansas City ($2.9m) and GDL Estates Corporation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $192k (32% of expenses). Other salaries and wages came to $150k. At year end it held assets of $65.7m against liabilities of $0, net assets of $65.7m. It reported 3 employees.