Proverbs 226

Analysis

Proverbs 226 is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in June 2012, 14 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, Proverbs 226 reported income of $273k and spending of $231k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $273k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Proverbs 226 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 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Literacy Volunteers of Morris County Inc ($273k), Musical Mentors Collaborative Inc ($273k) and Morgan State University Alumni Association Incorporated ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $54k against liabilities of $0, net assets of $54k.