Lula Rich Educational Foundation Inc

Analysis

Lula Rich Educational Foundation Inc is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lula Rich Educational Foundation Inc reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.0m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lula Rich Educational Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MS. Charities of a similar size with the same main cause include Clay County Christian Academy Inc ($2.0m), Pave ($2.0m) and New York Genealogical and Biographical Society ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 69% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 31 employees.