Veterans Foundation of North Carolina Inc

Analysis

Veterans Foundation of North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Veterans Foundation of North Carolina Inc reported income of $79k and spending of $84k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $79k (+8.7%), an average of +8.7% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Foundation of North Carolina Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Beyond Support Network Foundation Inc ($79k), Mid America Dance Company ($79k) and PTA Texas Congress ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.