Charity Search / LUCIUS WADE EDWARDS PRIVATE FOUNDATION INC
Philanthropy & Grantmaking (T20) 990 on File

LUCIUS WADE EDWARDS PRIVATE FOUNDATION INC

EIN: 56-2026070 · RALEIGH, NC 27612-5053 · United States · FY 2023 Data
3 out of 5 41 / 100 Based on 2+ years of filings
Financial strength (30%) 57/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$10K
Total Revenue
$167K
Total Expenses
$753K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 96.4%
Fundraising Efficiency N/A
Operating Reserve 54.18x
Liability-to-Asset 0.0%
Revenue Diversification 109.3%
Compared with Peers
FY 2023
Compared with 26,134 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
96.4% 90.7%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
54.2 mo 106.5 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
109.3% 90.6%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-75.4% 4.1%
P10P90
Expense growth
Year over year expense growth
-21.2% 2.5%
P10P90
Surplus margin
Surplus as a share of revenue
-1649.5% -10.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $10K $167K $753K 96.4% —
2022 $39K $211K $910K 94.9% —
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Organization Details
EIN
56-2026070
State
NC
City
RALEIGH
ZIP
27612-5053
Classification
T20
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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