Foreign Language Association of North Carolina

Analysis

Foreign Language Association of North Carolina is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1976, 50 years ago. 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, Foreign Language Association of North Carolina reported income of $128k and spending of $138k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $128k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foreign Language Association of North Carolina sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include St Joseph-Benton Harbor Rotaryclub Foundation Inc ($128k), Jefferson Library & Museum Assn ($128k) and Family Friends Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.