North Carolina Foundation for Public School Children

Analysis

North Carolina Foundation for Public School Children is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, North Carolina Foundation for Public School Children reported income of $534k and spending of $499k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $292k to $534k (+83%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Carolina Foundation for Public School Children sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Eugenie Prendergast Trust ($533k), Wood River Womens Foundation ($534k) and Council Grove Area Foundation ($533k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (15% of expenses). Other salaries and wages came to $38k. At year end it held assets of $541k against liabilities of $39k, net assets of $502k.