Perquimans County Schools Foundation Inc

Analysis

Perquimans County Schools Foundation Inc is a registered charity in United States, based in Hertford, NC. It received its IRS tax-exemption ruling in June 2003, 23 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, Perquimans County Schools Foundation Inc reported income of $475k and spending of $308k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $97k to $475k (+390%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Perquimans County Schools Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Caritas Christian Classical Academy Inc ($475k), Grapevine Christian School ($475k) and Brush Creek Family Services Inc ($474k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $28k (9.0% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.2m against liabilities of $1,529, net assets of $1.2m. It reported 2 employees.