Longwood University Foundation Inc

Analysis

Longwood University Foundation Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in December 1961, 65 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 December 2023, Longwood University Foundation Inc reported income of $7.3m and spending of $7.4m, spending 101% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $8.9m to $7.3m (-18%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 182%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Longwood University Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Core Charter Schools ($7.3m), Greenbrier Christian Academy Inc ($7.3m) and Successful Practices Network Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. Compensation of current officers, directors and key employees was $424k (5.7% of expenses). Other salaries and wages came to $609k. At year end it held assets of $106.2m against liabilities of $528k, net assets of $105.6m. It reported 5 employees.