North American Assoc of Summer Sessions

Analysis

North American Assoc of Summer Sessions is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1967, 59 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, North American Assoc of Summer Sessions reported income of $152k and spending of $140k, spending 92% of its income. Across the 5 years on record, from July 2019 to July 2024, income fell from $200k to $152k (-24%), an average of -6.7% a year. The sharpest change came in the year to July 2023, when income rose by 222%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North American Assoc of Summer Sessions sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Beta Sigma Psi Educational Foundation ($152k), Friends of Historic Kingston ($152k) and Bishop Memorial Home 611 Middle St ($152k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $316k against liabilities of $58k, net assets of $258k.