Loraine Education Foundation Inc

Analysis

Loraine Education Foundation Inc is a registered charity in United States, based in Loraine, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Loraine Education Foundation Inc reported income of $145k and spending of $158k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $382k to $145k (-62%), an average of -22% a year. The sharpest change came in the year to August 2022, when income rose by 762%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loraine Education Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include University Center at Ponca City Foundation Inc ($145k), Youthlaunch Inc ($145k) and Carthage Athletic Boosters Club ($144k).

At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.