North Carolina Council on Economic Education

Analysis

North Carolina Council on Economic Education is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 December 2023, North Carolina Council on Economic Education reported income of $798k and spending of $834k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $798k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Council on Economic Education sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Womans Club of Fort Worth Inc ($798k), Reloop Americas Research Institute ($798k) and Culture Mill Inc ($797k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $100k (12% of expenses). Other salaries and wages came to $103k. At year end it held assets of $456k against liabilities of $41k, net assets of $415k. It reported 5 employees.