North Carolina Charter Educational Foundation Inc
154 Foundation Ct, Mooresville, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $53,667,588 | $47,256,924 | -$8,835,733 |
| FY2024 | $46,329,201 | $45,692,182 | -$15,246,397 |
| FY2023 | $40,248,421 | $39,971,514 | -$15,883,416 |
| FY2022 | $37,909,289 | $37,781,737 | -$15,842,727 |
| FY2021 | $35,029,413 | $36,327,741 | -$15,961,740 |
| FY2020 | $35,899,643 | $36,599,033 | -$14,663,412 |
| FY2019 | $35,885,724 | $36,969,160 | -$13,964,022 |
| FY2018 | $35,072,720 | $36,857,912 | -$10,528,183 |
| FY2017 | $30,999,736 | $37,239,754 | -$8,769,079 |
| FY2016 | $17,419,023 | $17,918,919 | -$2,529,061 |
| FY2015 | $13,712,549 | $14,915,183 | -$2,029,165 |
| FY2014 | $9,751,352 | $10,577,883 | -$826,531 |
Form 990 filings
The returns filed by North Carolina Charter Educational Foundation Inc (EIN 45-5348770), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $43,757,575 | 82% |
| Program service revenue | $838,011 | 2% |
| Other revenue | $9,072,002 | 17% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $27,639,157 | 58% |
| Management & general | $19,617,767 | 42% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 82% of total revenue in FY2025.
- Program services accounted for 58% of functional expenses, management & general 42%, and fundraising 0%.
- 58% of functional expenses went to program services in FY2025. That is higher than 4.6% of 152 Education organizations in NC.
- Net assets covered about -2.2 months of expenses at the end of the reporting year. That puts it in the 3rd percentile among 1703 Education organizations in NC.
- Total revenue was higher than 98.4% of 1724 Education organizations in NC.
- Total revenue rose from $9,751,352 in FY2014 to $53,667,588 in FY2025. Revenue increased in 10 and decreased in 1 of 11 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 12 reported years (FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021).
- Net assets declined from -$826,531 to -$8,835,733 between FY2014 and FY2025.
- Contributions and grants made up 95% of revenue in FY2014 and 82% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B29 — Education (in NC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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