Asheboro City Schools Education Foundation

Analysis

Asheboro City Schools Education Foundation is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in May 1992, 34 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 2024, Asheboro City Schools Education Foundation reported income of $95k and spending of $53k, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $72k to $95k (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 257%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Asheboro City Schools Education Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Meso Foundation ($95k), Tyee Middle School Ptsa 2 3 145 ($95k) and Delta Theta Lambda Chaptr Education Foundation Alpha Phi Alpha Frat ($95k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $986k against liabilities of $0, net assets of $986k.