Wireless Research Center of North Carolina

Analysis

Wireless Research Center of North Carolina is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover science and technology, 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 September 2023, Wireless Research Center of North Carolina reported income of $3.6m and spending of $4.3m, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $3.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wireless Research Center of North Carolina sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Arts Council of Oklahoma City ($3.6m), Trigg-C M Russell Foundation Inc ($3.6m) and National Council for the Social Studies ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $174k (4.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $877k against liabilities of $1.9m, net assets of -$991k. It reported 38 employees.