Greensboro Independent School Corporation

Analysis

Greensboro Independent School Corporation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1975, 51 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, Greensboro Independent School Corporation reported income of $40.2m and spending of $23.5m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.4m to $40.2m (+118%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greensboro Independent School Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Soka University of America ($40.2m), Mount Aloysius College ($40.2m) and Missouri Valley College ($40.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $907k (3.9% of expenses). Other salaries and wages came to $10.3m. It paid $53k in professional fundraising fees. At year end it held assets of $58.0m against liabilities of $5.5m, net assets of $52.6m. It reported 304 employees.