Cabarrus County Education Foundation Inc

Analysis

Cabarrus County Education Foundation Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in December 2001, 25 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, Cabarrus County Education Foundation Inc reported income of $124k and spending of $179k, spending 144% of what it took in. Across the 2 years on record, from June 2019 to June 2023, income fell from $321k to $124k (-61%), an average of -61% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cabarrus County Education Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Amanda W Lockey Foundation ($124k), Camas Washougal Community Chest ($124k) and United Way of Sidney New York Inc ($124k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $80k against liabilities of $65k, net assets of $14k.