Chapel Hill Carrboro Public School Foundation

Analysis

Chapel Hill Carrboro Public School Foundation is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chapel Hill Carrboro Public School Foundation reported income of $1.4m and spending of $705k, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $965k to $1.4m (+43%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chapel Hill Carrboro Public School Foundation 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 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include United Way of Whatcom County ($1.4m), Hope Foundation of Iranian- American Jewish Communities Inc ($1.4m) and United Way of Beaver County Incorporated ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $71k (10% of expenses). Other salaries and wages came to $97k. At year end it held assets of $4.5m against liabilities of $911k, net assets of $3.5m. It reported 7 employees.