Arendell Parrott Academy Inc

Analysis

Arendell Parrott Academy Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in November 1964, 62 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 2024, Arendell Parrott Academy Inc reported income of $9.7m and spending of $9.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.2m to $9.7m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arendell Parrott Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Georgia School Boards Association Inc ($9.7m), Israel on Campus Coalition Inc ($9.7m) and Roads Education Organization ($9.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.9% and program service revenue 95% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $17.3m against liabilities of $1.6m, net assets of $15.7m. It reported 182 employees.