Cleveland County Schools Educational Foundation Inc

Analysis

Cleveland County Schools Educational Foundation Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in March 1987, 39 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 2024, Cleveland County Schools Educational Foundation Inc reported income of $444k and spending of $290k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $326k to $444k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 138%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleveland County Schools Educational Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Mono Arts Council ($444k), South Texas Youth Soccer Association ($444k) and Apollo Chamber Players ($444k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.