Alamance Community School

Analysis

Alamance Community School is a registered charity in United States, based in Haw River, NC. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Alamance Community School reported income of $6.6m and spending of $6.8m, spending 104% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $3.4m to $6.6m (+92%), an average of +39% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alamance Community School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Glenville State University Foundation ($6.6m), Saint Bernard Academy ($6.6m) and Hochberg Preparatory School Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. At year end it held assets of $18.2m against liabilities of $18.2m, net assets of -$20k. It reported 80 employees.