Union County Charter Education Association

Analysis

Union County Charter Education Association is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Union County Charter Education Association reported income of $11.7m and spending of $12.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $11.7m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union County Charter Education Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include University of Chattanooga Foundation Inc ($11.7m), Vista at Entrada School of Performing Arts and Technology ($11.7m) and Child Development Resources Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.9% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $11.6m against liabilities of $15.2m, net assets of -$3.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.