Professional Engineers of North Carolina-Educational Foundation

Analysis

Professional Engineers of North Carolina-Educational Foundation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, Professional Engineers of North Carolina-Educational Foundation reported income of $50k and spending of $263k, spending 524% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $102k to $50k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 279%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Professional Engineers of North Carolina-Educational Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Discovery Elementary School PTO ($50k), PS 15 Patrick F Daly School PTA ($50k) and Figure 1 Foundation ($50k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 0.7% of the total. At year end it held assets of $607k against liabilities of $65, net assets of $607k.