Hertford County Educational Foundation Inc

Analysis

Hertford County Educational Foundation Inc is a registered charity in United States, based in Ahoskie, NC. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hertford County Educational Foundation Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.4m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hertford County Educational Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Truckee Meadows Community College Foundation ($2.4m), Wings Learning Center Inc ($2.4m) and Girls Write Now Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.2m against liabilities of $89k, net assets of $2.1m. It reported 65 employees.