Foundation for Duplin County Industrial and Business Developmen

Analysis

Foundation for Duplin County Industrial and Business Developmen is a registered charity in United States, based in Kenansville, NC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Foundation for Duplin County Industrial and Business Developmen reported income of $300k and spending of $301k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $96k to $300k (+211%), an average of +211% a year. The sharpest change came in the year to June 2024, when income rose by 211%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Duplin County Industrial and Business Developmen sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include District 2 Community Enhancement Corporation ($300k), Gardere Initiative Inc ($300k) and Economic Development Partnership of Hillsdale County Inc ($300k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $71k, net assets of -$41k.