Perquimans County Schools Foundation Inc
EIN: 550788873 · Hertford, NC · NTEE: B112
Is Perquimans County Schools Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Perquimans County Schools Foundation Inc
Perquimans County Schools Foundation Inc (EIN: 550788873) is a nonprofit organization based in Hertford, NC, classified under NTEE code B112. The organization reported total revenue of $479K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perquimans County Schools Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perquimans County Schools Foundation Inc is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $475K |
| Total Expenses | $308K |
| Surplus / Deficit | +$167K |
| Total Assets | $1.2M |
| Total Liabilities | $2K |
| Net Assets | $1.2M |
| Operating Margin | 35.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 47.4 months |
Financial Health Grade: A
In 2024, Perquimans County Schools Foundation Inc reported a surplus of $167K with revenue exceeding expenses, holds 47.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2024), Perquimans County Schools Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +30.8% | +72.7% | +22.3% |
| 2023 | -11.7% | -56.9% | +31.2% |
| 2022 | +78.9% | +221.1% | -17.0% |
| 2021 | +137.3% | -0.2% | +32.1% |
| 2020 | -41.1% | +10.5% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Perquimans County Schools Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Perquimans County Schools Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $167K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Perquimans County Schools Foundation Inc
Is Perquimans County Schools Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Perquimans County Schools Foundation Inc (EIN: 550788873) insufficient data. 0 red flags identified, 0 strengths noted.
How does Perquimans County Schools Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Perquimans County Schools Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Perquimans County Schools Foundation Inc tax-deductible?
Perquimans County Schools Foundation Inc is registered as a tax-exempt nonprofit (EIN: 550788873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Perquimans County Schools Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Perquimans County Schools Foundation Inc's revenue has grown by 1096.6%, moving from $40K to $475K. Total assets increased by 805.8% over the same period, from $134K to $1.2M. Total functional expenses rose by 684.4%, from $39K to $308K. In its most recent filing year (2024), Perquimans County Schools Foundation Inc reported a surplus of $167K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $475K | $308K | $1.2M | $2K | — | — |
| 2023 | $363K | $178K | $993K | $1K | — | View 990 |
| 2022 | $411K | $413K | $757K | $1K | — | View 990 |
| 2021 | $230K | $129K | $912K | $1K | — | — |
| 2020 | $97K | $129K | $691K | $1K | — | View 990 |
| 2019 | $164K | $117K | $741K | $230 | — | View 990 |
| 2018 | $137K | $127K | $696K | $230 | — | View 990 |
| 2017 | $345K | $114K | $680K | $230 | — | View 990 |
| 2016 | $174K | $30K | $427K | $230 | — | View 990 |
| 2015 | $191K | $67K | $281K | $459 | — | View 990 |
| 2013 | $40K | $37K | $153K | $0 | — | View 990 |
| 2012 | $40K | $39K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $475K, expenses of $308K, and assets of $1.2M (revenue +30.8% year-over-year).
- 2023: Revenue of $363K, expenses of $178K, and assets of $993K (revenue -11.7% year-over-year).
- 2022: Revenue of $411K, expenses of $413K, and assets of $757K (revenue +78.9% year-over-year).
- 2021: Revenue of $230K, expenses of $129K, and assets of $912K (revenue +137.3% year-over-year).
- 2020: Revenue of $97K, expenses of $129K, and assets of $691K (revenue -41.1% year-over-year).
- 2019: Revenue of $164K, expenses of $117K, and assets of $741K (revenue +19.8% year-over-year).
- 2018: Revenue of $137K, expenses of $127K, and assets of $696K (revenue -60.3% year-over-year).
- 2017: Revenue of $345K, expenses of $114K, and assets of $680K (revenue +98.4% year-over-year).
- 2016: Revenue of $174K, expenses of $30K, and assets of $427K (revenue -9.1% year-over-year).
- 2015: Revenue of $191K, expenses of $67K, and assets of $281K (revenue +374.1% year-over-year).
- 2013: Revenue of $40K, expenses of $37K, and assets of $153K (revenue +1.8% year-over-year).
- 2012: Revenue of $40K, expenses of $39K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perquimans County Schools Foundation Inc:
Data Sources and Methodology
This transparency report for Perquimans County Schools Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.