North Carolina Learns Inc

Analysis

North Carolina Learns Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in December 2016, 10 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, North Carolina Learns Inc reported income of $26.4m and spending of $25.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $26.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Learns Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Ivey Business School Foundation ($26.4m), The Benedictine School for Exceptional Children Inc ($26.4m) and The Freedom Academy Foundation ($26.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Other salaries and wages came to $8.4m. At year end it held assets of $9.1m against liabilities of $1.5m, net assets of $7.6m. It reported 223 employees.