Iredell County Crosby Scholars Community Partnership

Analysis

Iredell County Crosby Scholars Community Partnership is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in July 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 December 2023, Iredell County Crosby Scholars Community Partnership reported income of $539k and spending of $602k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $456k to $539k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 20%. 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, Iredell County Crosby Scholars Community Partnership sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Ruth Jackson Society Inc ($539k), Massachusetts Police Accreditation Commission Inc ($539k) and Friends of the Tompkins County Public Library ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $93k (15% of expenses). Other salaries and wages came to $219k. At year end it held assets of $197k against liabilities of $78k, net assets of $119k.

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.