Ncasi Foundation

Analysis

Ncasi Foundation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Ncasi Foundation reported income of $1.7m and spending of $1.5m, spending 85% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $663k to $1.7m (+161%), an average of +38% a year. The sharpest change came in the year to March 2023, when income rose by 96%. Over the whole period it spent 84% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Ncasi Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Ferry Cove Shellfish Inc ($1.7m), Ohio Alleycat Resource & Spay Neuter Clinic Inc ($1.7m) and Forsyth County Humane Society Inc ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $642k, net assets of $828k.