Lewisville Education Foundation Inc

Analysis

Lewisville Education Foundation Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lewisville Education Foundation Inc reported income of $1.7m and spending of $1.2m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lewisville Education Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Oakland Community Nursery School ($1.7m), Nrgby Study Institute ($1.7m) and Sonshine Learning Center ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $117k (10% of expenses). Other salaries and wages came to $105k. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m. It reported 4 employees.