James Sprunt Foundation Inc

Analysis

James Sprunt Foundation Inc is a registered charity in United States, based in Kenansville, NC. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, James Sprunt Foundation Inc reported income of $201k and spending of $94k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $245k to $201k (-18%), an average of -6.3% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Sprunt Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Redmond Christian School ($201k), Community Awake ($201k) and Focis ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.3m against liabilities of $4, net assets of $2.3m.