Linville Foundation Inc

Analysis

Linville Foundation Inc is a registered charity in United States, based in Linville, NC. It received its IRS tax-exemption ruling in October 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, Linville Foundation Inc reported income of $686k and spending of $530k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $686k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Linville Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Virginia Society for Technology in Education ($686k), Elbie and Wilma Gann Memorial Foundation ($686k) and Nicaraguan Education Resource Center ($685k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.