Imagine North Carolina First

Analysis

Imagine North Carolina First is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 2022, Imagine North Carolina First reported income of $6.1m and spending of $7.6m, spending 124% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $5.9m to $6.1m (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Imagine North Carolina First sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include International Conference on Machine Learning ($6.1m), Chicago Humanities Festival ($6.1m) and Historical Society of Seattle & King County ($6.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,563 (0.1% of expenses). At year end it held assets of $265k against liabilities of $1,341, net assets of $264k.