The Loudoun Education Foundation

Analysis

The Loudoun Education Foundation is a registered charity in United States, based in Broadlands, VA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, The Loudoun Education Foundation reported income of $2.6m and spending of $3.8m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $2.6m (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 163%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Loudoun Education Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Friends of Hopewell House ($2.6m), Greater Poweshiek Community Foundation ($2.6m) and Dekalb County Community Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $117k (3.1% of expenses). Other salaries and wages came to $306k. At year end it held assets of $2.6m against liabilities of $32k, net assets of $2.6m. It reported 5 employees.