Parents for Educational Freedom in North Carolina Inc

Analysis

Parents for Educational Freedom in North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2006, 20 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, Parents for Educational Freedom in North Carolina Inc reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parents for Educational Freedom in North Carolina Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Lakeside Christian Academy Inc ($1.5m), Clasp Childrens Center Inc ($1.5m) and College Association of the Niagara County Community College Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $180k (12% of expenses). Other salaries and wages came to $464k. At year end it held assets of $811k against liabilities of $0, net assets of $811k. It reported 9 employees.