Educationnc

Analysis

Educationnc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Educationnc reported income of $1.4m and spending of $2.5m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.4m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income rose by 242%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educationnc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include National School Public Relations Association ($1.4m), Vaughan Place Senior Living Community Inc ($1.4m) and The Strand Theatre of Shreveport Corporation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $585k (23% of expenses). Other salaries and wages came to $854k. At year end it held assets of $4.1m against liabilities of $34k, net assets of $4.1m. It reported 18 employees.