North Carolina Business Leaders for Education

Analysis

North Carolina Business Leaders for Education is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, North Carolina Business Leaders for Education reported income of $1.2m and spending of $880k, leaving 27% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.2m to $1.2m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to March 2024, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Business Leaders for Education sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Columbia County Christian School Association ($1.2m), Austin Home Base ($1.2m) and Capital Region Chamber Foundation Inc ($1.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $590k. It paid $60k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $3,747, net assets of $1.6m. It reported 5 employees.