Cresset Academy Educational Foundation

Analysis

Cresset Academy Educational Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Cresset Academy Educational Foundation reported income of $173k and spending of $127k, leaving 27% of income unspent that year. Across the 3 years on record, from May 2022 to May 2024, income grew from $58k to $173k (+197%), an average of +72% a year. The sharpest change came in the year to May 2024, when income rose by 971%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cresset Academy Educational Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Ncta Student Senate ($173k), International Association of Assessing Officers ($173k) and Brazilian Student Association Inc ($173k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $202k against liabilities of $202k, net assets of $466.