Boone County Education Foundation Inc

Analysis

Boone County Education Foundation Inc is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in May 1996, 30 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, Boone County Education Foundation Inc reported income of $99k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $145k to $99k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boone County Education Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Creating Possibilities Inc ($99k), Hope for Nica Corporation ($99k) and Gamp Parent and Alumni Organization ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.