Second Ward High School National Alumni Foundation

Analysis

Second Ward High School National Alumni Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2022, 4 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 August 2024, Second Ward High School National Alumni Foundation reported income of $1.1m and spending of $66k, leaving 94% of income unspent that year. Across the 5 years on record, from August 2019 to August 2024, income grew from $47k to $1.1m (+2220%), an average of +120% a year. The sharpest change came in the year to August 2023, when income rose by 1484%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Second Ward High School National Alumni Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Salem Academy Charter School Foundation Inc ($1.1m), Jfynetworks ($1.1m) and Donnelly College Real Estate Holdings Inc ($1.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.