North Carolina Reading Association

Analysis

North Carolina Reading Association is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, North Carolina Reading Association reported income of $133k and spending of $116k, spending 87% of its income. Across the 4 years on record, from May 2020 to May 2024, income grew from $28k to $133k (+377%), an average of +68% a year. The sharpest change came in the year to May 2022, when income rose by 248%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Reading Association 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 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Cushing Chamber Foundation for Progress Inc ($133k), St Thomas More Catholic High School Foundation Inc ($133k) and Womenx Inc ($133k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.