North Carolina Association of Independent Schools

Analysis

North Carolina Association of Independent Schools is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 Association of Independent Schools reported income of $1.2m and spending of $1.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-7.2%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Association of Independent Schools sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include The Belvedere Tiburon Child Care Center ($1.2m), Galcom International USA Inc ($1.2m) and C G Jung Educational Center of Houston Texas ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $271k (22% of expenses). Other salaries and wages came to $289k. At year end it held assets of $1.0m against liabilities of $229k, net assets of $783k. It reported 5 employees.