Loudon County Education Foundation

Analysis

Loudon County Education Foundation is a registered charity in United States, based in Lenoir City, TN. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loudon County Education Foundation reported income of $183k and spending of $211k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $183k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loudon County Education Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Hidden Road Initiative ($183k), International Musculoskeletal Society -Ims- Inc ($183k) and Texas Rural Education Association Foundation ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $52k (25% of expenses). Other salaries and wages came to $13k. At year end it held assets of $264k against liabilities of $1,250, net assets of $262k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.