NC State Natural Resources Foundation Inc

Analysis

NC State Natural Resources Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, NC State Natural Resources Foundation Inc reported income of $4.2m and spending of $2.8m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.2m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NC State Natural Resources Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Adams County Community Foundation Inc ($4.2m), Foundation for Reading Area Community College ($4.2m) and Urban Collaborative ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 1.2% of the total. Other salaries and wages came to $207k. At year end it held assets of $56.5m against liabilities of $778k, net assets of $55.7m.