Henderson County Alliance for Education

Analysis

Henderson County Alliance for Education is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Henderson County Alliance for Education reported income of $2.2m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.2m (+18%), an average of +4.2% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Henderson County Alliance for Education sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include House of Light Global ($2.2m), Smart Start of Transylvania County ($2.2m) and Clarendon Hall School Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $88k (4.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.3m against liabilities of $4.6m, net assets of -$2.2m. It reported 34 employees.