Piedmont Education Trust Inc

Analysis

Piedmont Education Trust Inc is a registered charity in United States, based in Piedmont, AL. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Piedmont Education Trust Inc reported income of $198k and spending of $70k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $198k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Piedmont Education Trust Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include LA Jolla Art & Wine Festival Foundation ($198k), Arkansas Disability Coalition ($198k) and Montessori Childrens House of Bay City Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.