Headwaters Rappahannock County Public Education Foundation Inc

Analysis

Headwaters Rappahannock County Public Education Foundation Inc is a registered charity in United States, based in Washington, VA. It received its IRS tax-exemption ruling in May 1997, 29 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, Headwaters Rappahannock County Public Education Foundation Inc reported income of $631k and spending of $562k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $321k to $631k (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Headwaters Rappahannock County Public Education Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Eugene Education Foundation ($631k), New School ($631k) and Castle Island Bilingual Montessori ($631k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $88k (16% of expenses). Other salaries and wages came to $130k. At year end it held assets of $1.2m against liabilities of $45k, net assets of $1.2m. It reported 18 employees.