Johnston County Education Foundation Inc

Analysis

Johnston County Education Foundation Inc is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in April 1991, 35 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, Johnston County Education Foundation Inc reported income of $71k and spending of $164k, spending 232% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $180k to $71k (-61%), an average of -21% a year. The sharpest change came in the year to June 2021, when income rose by 226%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Johnston County Education Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Parent Teacher Association PS 55r ($71k), Lake Arrowhead Mountain Sunrise Rotary Foundation ($71k) and Scholars Academy PTO ($71k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.1m against liabilities of $3,508, net assets of $1.1m. It reported 2 employees.