Public School Forum of North Carolina Inc

Analysis

Public School Forum of North Carolina Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in January 1986, 40 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 2023, Public School Forum of North Carolina Inc reported income of $4.3m and spending of $2.4m, leaving 44% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $4.3m (+285%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public School Forum of North Carolina Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Central State University Foundation ($4.3m), Northstar International Academy Inc ($4.3m) and Sylvan Heights Science Charter School ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $213k (8.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.5m against liabilities of $140k, net assets of $4.3m. It reported 21 employees.