Luso-American Education Foundation

Analysis

Luso-American Education Foundation is a registered charity in United States, based in Dublin, CA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Luso-American Education Foundation reported income of $256k and spending of $202k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $221k to $256k (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Luso-American Education Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Longleaf Academy Inc ($256k), Hope at Hand Inc ($256k) and San Diego Writers Ink ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 26% of the total. At year end it held assets of $1.6m against liabilities of $395k, net assets of $1.2m.