Harrisonburg Education Foundation

Analysis

Harrisonburg Education Foundation is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Harrisonburg Education Foundation reported income of $223k and spending of $124k, leaving 45% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $114k to $223k (+95%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harrisonburg Education Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Norwell Music Boosters Inc ($223k), Smart Kids with Learning Disabilites Inc ($223k) and Ocean View Elementary PTO ($223k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $701k against liabilities of $0, net assets of $701k.