Frances Lacy Elementary School Foundation

Analysis

Frances Lacy Elementary School Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2002, 24 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, Frances Lacy Elementary School Foundation reported income of $334k and spending of $357k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $197k to $334k (+70%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frances Lacy Elementary School Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Mountain Brook Library Foundation ($334k), Zone Five Regional Law Enforcement Training Center Inc ($334k) and Bethesda Exceptional Education Ministries Inc ($334k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.