Eno River Academy Holdings Inc

Analysis

Eno River Academy Holdings Inc is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eno River Academy Holdings Inc reported income of $1.2m and spending of $1.5m, spending 126% of what it took in. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 139% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eno River Academy Holdings Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include South Carolina Independent Colleges and Universities Inc ($1.2m), Veterinary Cancer Society ($1.2m) and Summit Education Initiative ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $18.9m against liabilities of $20.1m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.