North Carolina Bar Foundation

Analysis

North Carolina Bar Foundation is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in June 1960, 66 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 2024, North Carolina Bar Foundation reported income of $1.7m and spending of $2.0m, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.8m to $1.7m (-8.8%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 126%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Bar Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include We Will Collective Incorporated ($1.7m), Boy Scouts of America ($1.7m) and Lao Assistance Center of Minnesota ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $210k (11% of expenses). Other salaries and wages came to $318k. At year end it held assets of $31.4m against liabilities of $847k, net assets of $30.6m. It reported 9 employees.