The Foundation for NC A&t State Uni Versi

Analysis

The Foundation for NC A&t State Uni Versi is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation for NC A&t State Uni Versi reported income of $716k and spending of $570k, leaving 20% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $757k to $716k (-5.3%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation for NC A&t State Uni Versi sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include United Way of Harrisonburg & Rockingham County Inc ($716k), Teton Housing Corporation ($716k) and Conard Housing Development Corporation ($716k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 50% of the total. At year end it held assets of $4.4m against liabilities of $686k, net assets of $3.7m.