Henrico Education Foundation Incorporated

Analysis

Henrico Education Foundation Incorporated is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in August 1993, 33 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, Henrico Education Foundation Incorporated reported income of $9.9m and spending of $9.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $9.9m (+558%), an average of +60% a year. The sharpest change came in the year to June 2020, when income rose by 95%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Henrico Education Foundation Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Mid-Atlantic Region Commission on Higher Education ($9.9m), Libertas School ($9.9m) and Gray Collegiate Academy Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $209k (2.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.6m against liabilities of $419k, net assets of $2.2m. It reported 220 employees.