Vance Charter School Foundation

Analysis

Vance Charter School Foundation is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in May 2014, 12 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, Vance Charter School Foundation reported income of $757k and spending of $732k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $718k to $757k (+5.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vance Charter School Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Brazos Education Lending Corporation ($757k), St Louis American Foundation ($757k) and Shining Star School ($757k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% of the total. At year end it held assets of $11.4m against liabilities of $10.2m, net assets of $1.3m.