North Carolina Central University Alumni Association

Analysis

North Carolina Central University Alumni Association is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, North Carolina Central University Alumni Association reported income of $228k and spending of $432k, spending 190% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $148k to $228k (+54%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Central University Alumni Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Clinton Path Preschool ($228k), Bookclub Academy ($228k) and Friends of Newport Beach Public Library ($228k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 111% and program service revenue 26% of the total. Other salaries and wages came to $142k. At year end it held assets of $1.3m against liabilities of $12k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.