Rutherford County Schools Education Foundation Inc

Analysis

Rutherford County Schools Education Foundation Inc is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in November 2010, 16 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, Rutherford County Schools Education Foundation Inc reported income of $261k and spending of $697k, spending 267% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $304k to $261k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income rose by 199%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rutherford County Schools Education Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Julia F Thompson Inc ($261k), North Central Washington Activities Association ($261k) and Scholarchips Inc ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $681k against liabilities of $0, net assets of $681k.