North Carolina Outward Bound School

Analysis

North Carolina Outward Bound School is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 March 2023, North Carolina Outward Bound School reported income of $5.8m and spending of $7.0m, spending 121% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $9.1m to $5.8m (-36%), an average of -11% a year. The sharpest change came in the year to March 2022, when income rose by 102%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, North Carolina Outward Bound School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include World Green Building Council Inc ($5.8m), Populace Inc ($5.8m) and Black Rock Forest Consortium Inc ($5.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 24% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $378k (5.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $27.3m against liabilities of $2.7m, net assets of $24.6m. It reported 180 employees.