Edenton-Chowan Educational Foundation Inc

Analysis

Edenton-Chowan Educational Foundation Inc is a registered charity in United States, based in Edenton, NC. It received its IRS tax-exemption ruling in October 1968, 58 years ago. 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, Edenton-Chowan Educational Foundation Inc reported income of $93k and spending of $50k, leaving 46% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $27k to $93k (+245%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 431%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edenton-Chowan Educational Foundation Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Needham B Broughton High School Band Boosters Inc ($93k), Legatus ($93k) and Umkc Alumni Association ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $721k against liabilities of $0, net assets of $721k.