North Carolina Central University Foundation Inc

Analysis

North Carolina Central University Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 1974, 52 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 2023, North Carolina Central University Foundation Inc reported income of $20.1m and spending of $13.7m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $20.1m (+147%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 246%. Over the whole period it spent 57% 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 Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Friends of Mosdot Goor Inc ($20.1m), Cotting School Inc ($20.1m) and Indian Creek School Incorporated ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $331k (2.4% of expenses). Other salaries and wages came to $291k. At year end it held assets of $49.2m against liabilities of $295k, net assets of $48.9m. It reported 4 employees.