Needham B Broughton High School Alumni Association Inc

Analysis

Needham B Broughton High School Alumni Association Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Needham B Broughton High School Alumni Association Inc reported income of $92k and spending of $57k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $92k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Needham B Broughton High School Alumni Association Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Parent Teacher Association of PS 166 Q Inc ($92k), International Spanish Language Academy Parent Teacher Organizatio ($92k) and Bella Vox Performing Arts Foundatio N ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $872k against liabilities of $2,040, net assets of $870k.