Laredo College Education Foundation

Analysis

Laredo College Education Foundation is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in May 2003, 23 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, Laredo College Education Foundation reported income of $361k and spending of $1.4m, spending 382% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $361k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 400%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laredo College Education Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Neighborhood Parents for the Hurleyschool Incorporated ($361k), Glenridge Nursery School ($361k) and Partners Advancing Student Success Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $413k against liabilities of $0, net assets of $413k.