Kannapolis Education Foundation Inc

Analysis

Kannapolis Education Foundation Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in March 1996, 30 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, Kannapolis Education Foundation Inc reported income of $86k and spending of $70k, spending 82% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $31k to $86k (+175%), an average of +175% a year. The sharpest change came in the year to June 2024, when income rose by 175%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kannapolis Education Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Andover Huskies Baseball Booster Club ($86k), Reading Connections Inc ($86k) and North Dakota Envirothon ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 49% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.