Underwood GT Magnet Elementary School Foundation

Analysis

Underwood GT Magnet Elementary School Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2015, 11 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 2024, Underwood GT Magnet Elementary School Foundation reported income of $72k and spending of $59k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $76k to $72k (-5.5%), an average of -5.5% a year. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Underwood GT Magnet Elementary School Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Charleston School of Law ($72k), Hercules Music Boosters Assocation ($72k) and South Asian Bar Association of New York Fund Inc ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.