Lucille Hunter Gt-Aig Magnet Elementary School Foundation

Analysis

Lucille Hunter Gt-Aig Magnet Elementary School Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 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 June 2024, Lucille Hunter Gt-Aig Magnet Elementary School Foundation reported income of $94k and spending of $83k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $64k to $94k (+48%), an average of +48% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lucille Hunter Gt-Aig Magnet Elementary School Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Belleville Township High School District 201 Educational FNDTN Ltd ($94k), Friends of Atlantic Beach Elementary School Inc ($94k) and Perry Hall Childrens Center ($94k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 17% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.