Health Education Foundation of Eastern North Carolina Inc

Analysis

Health Education Foundation of Eastern North Carolina Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in May 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Health Education Foundation of Eastern North Carolina Inc reported income of $9.1m and spending of $8.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $9.1m (+190%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Health Education Foundation of Eastern North Carolina Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Childrens Institute Parent Company ($9.1m), Darnall Charter School ($9.1m) and Colorado Springs Christian Schools ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $303k (3.8% of expenses). Other salaries and wages came to $899k. At year end it held assets of $7.4m against liabilities of $1.7m, net assets of $5.7m. It reported 21 employees.