Glencoe Education Foundation Inc

Analysis

Glencoe Education Foundation Inc is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in March 2001, 25 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, Glencoe Education Foundation Inc reported income of $6.5m and spending of $5.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.5m (+67%), an average of +14% 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, Glencoe Education Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include HTH Learning ($6.5m), Winona State University Foundation ($6.5m) and Our Community School ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $176k (3.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $6.8m against liabilities of $1.6m, net assets of $5.3m. It reported 110 employees.