Patrick Beaver Learning Resource Center Incorporated

Analysis

Patrick Beaver Learning Resource Center Incorporated is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in December 1999, 27 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, Patrick Beaver Learning Resource Center Incorporated reported income of $145k and spending of $139k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $120k to $145k (+21%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patrick Beaver Learning Resource Center Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Canadian Education Foundation ($145k), Tatum Ridge Elementary PTO ($145k) and Independence Mustang Athletic Boosters Inc ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 2.9% of the total. At year end it held assets of $155k against liabilities of $2,112, net assets of $153k.