Henderson County Education Foundation Inc

Analysis

Henderson County Education Foundation Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in May 1987, 39 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, Henderson County Education Foundation Inc reported income of $602k and spending of $598k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $491k to $602k (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Henderson County Education Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include The Emery Weiner School Foundation ($602k), Ellen Macarthur Foundation USA Inc ($602k) and SV Links ($602k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.5% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.2m against liabilities of $6,195, net assets of $1.2m. It reported 2 employees.