North Carolina Education Corps

Analysis

North Carolina Education Corps is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in September 2021, 5 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 2024, North Carolina Education Corps reported income of $5.3m and spending of $4.8m, spending 91% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $500k to $5.3m (+960%), an average of +120% a year. The sharpest change came in the year to June 2022, when income rose by 333%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Education Corps sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Harbor Country Day School ($5.3m), Athlos Academy of Utah ($5.3m) and Nuestra Escuela Inc ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $436k (9.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.9m against liabilities of $183k, net assets of $1.7m. It reported 41 employees.