North Canton City Schools Foundation

Analysis

North Canton City Schools Foundation is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in November 2022, 4 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 December 2023, North Canton City Schools Foundation reported income of $121k and spending of $37k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,879 to $121k (+2371%), an average of +2371% a year. The sharpest change came in the year to December 2023, when income rose by 2371%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Canton City Schools Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Financial Womens Association of San Francisco Scholarship Fund Inc ($121k), William Hatch School Parent-Teacher Organization ($121k) and Marine Military Academy Foundation ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.