NC State Investment Fund Inc

Analysis

NC State Investment Fund Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, NC State Investment Fund Inc reported income of $147.8m and spending of $81.5m, leaving 45% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $60.8m to $147.8m (+143%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 159%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NC State Investment Fund Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Ascend Charter Schools ($147.5m), Le Moyne College ($148.6m) and Cooper Union for the Advancement of Science and Art ($147.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 36% of the total. At year end it held assets of $2.18bn against liabilities of $713k, net assets of $2.18bn.