Miranda and Oscar Labang Education Foundation

Analysis

Miranda and Oscar Labang Education Foundation is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in June 2017, 9 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, Miranda and Oscar Labang Education Foundation reported income of $100k and spending of $99k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $100k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miranda and Oscar Labang Education Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Cuttington University Alumni Association in the Americas Inc ($100k), Beechwood Educational Foundation Inc ($100k) and Wings Ministries Freedom Through Transformation ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,243 against liabilities of $0, net assets of $2,243.