Gaston County Educational Foundation Inc

Analysis

Gaston County Educational Foundation Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in June 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gaston County Educational Foundation Inc reported income of $92k and spending of $78k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $92k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 85%. 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, Gaston County Educational Foundation Inc sits at the 34th percentile: it is larger than about 34% 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 New Opportunities for Living ($92k), National Charity League Inc Irvine Chapter ($92k) and Fish Inc-Dunellen Area ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $25k (32% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.