Last Mile Education Fund

Analysis

Last Mile Education Fund is a registered charity in United States, based in Lafayette, CO. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Last Mile Education Fund reported income of $7.3m and spending of $6.3m, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.8m to $7.3m (+311%), an average of +103% a year. The sharpest change came in the year to June 2023, when income rose by 1099%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Last Mile Education Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Mid-East Community Action Agency ($7.3m), Douglas Residents Training Facility Inc ($7.3m) and Creative Community Options Inc ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $174k (2.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $20.1m against liabilities of $105k, net assets of $20.0m. It reported 17 employees.