Greenwood Leflore Educational Foundation Inc

Analysis

Greenwood Leflore Educational Foundation Inc is a registered charity in United States, based in Greenwood, MS. It received its IRS tax-exemption ruling in January 1992, 34 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 2023, Greenwood Leflore Educational Foundation Inc reported income of $9.6m and spending of $7.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $9.6m (+49%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 26%. 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, Greenwood Leflore Educational Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MS. Charities of a similar size with the same main cause include Horizon House Delaware Inc ($9.6m), Associated Students of San Jose State University ($9.6m) and Hebrew Language Academy Charter School 2 ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $175k (2.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $30.7m against liabilities of $3.4m, net assets of $27.4m. It reported 156 employees.