North Carolina Literary and Historical Association Incorporate

Analysis

North Carolina Literary and Historical Association Incorporate is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1953, 73 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina Literary and Historical Association Incorporate reported income of $69k and spending of $49k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $129k to $69k (-46%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 60%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Literary and Historical Association Incorporate sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include First Nations Counseling Ministries ($69k), U S Gymnastics Development Center Team Parents Assoc a New Jersey ($69k) and Blandford Historical Society ($69k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 6.4% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.