Cabarrus County Partnership for Children

Analysis

Cabarrus County Partnership for Children is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in September 1998, 28 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, Cabarrus County Partnership for Children reported income of $6.5m and spending of $4.5m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $6.5m (+70%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cabarrus County Partnership for Children sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Intercultural Montessori Foreign Language Immersion School ($6.5m), Lincoln Preparatory Academy ($6.5m) and Winona State University Foundation ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $187k (4.2% of expenses). Other salaries and wages came to $549k. At year end it held assets of $2.0m against liabilities of $26k, net assets of $2.0m. It reported 9 employees.