Swain Community Education Foundation Inc

Analysis

Swain Community Education Foundation Inc is a registered charity in United States, based in Bryson City, NC. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Swain Community Education Foundation Inc reported income of $139k and spending of $159k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $178k to $139k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Swain Community Education Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Greater Itasca Food Pantry ($139k), California Pediatric Dental Research Conference ($139k) and South Paulding Spartans Cheer Club Inc ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 76% of the total. At year end it held assets of $3.2m against liabilities of $2.3m, net assets of $917k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.