Rural Education Foundation

Analysis

Rural Education Foundation is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in August 1993, 33 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 July 2023, Rural Education Foundation reported income of $4.4m and spending of $4.2m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.7m to $4.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to July 2021, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Education Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Ne South Dakota Community Action Program Inc ($4.4m), National Bureau of Asian Research ($4.4m) and East Yuma County Historical Society ($4.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $129k (3.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.7m against liabilities of $2.0m, net assets of $7.7m. It reported 137 employees.