Think North Carolina First

Analysis

Think North Carolina First is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2015, 11 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 March 2022, Think North Carolina First reported income of $60k and spending of $84k, spending 140% of what it took in. Across the 4 years on record, from March 2019 to March 2022, income fell from $512k to $60k (-88%), an average of -51% a year. The sharpest change came in the year to March 2022, when income dropped by 92%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Think North Carolina First sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Alpha Educational Fund of San Antonio Inc ($60k), Az Opera Company ($60k) and National Society Daughters of the Union 1861-1865 Inc ($60k).

On its Form 990-EZ for the period ending March 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $268 against liabilities of $0, net assets of $268.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.