Kenan-Flagler Business School Foundation

Analysis

Kenan-Flagler Business School Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in December 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Kenan-Flagler Business School Foundation reported income of $44.6m and spending of $36.0m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $52.2m to $44.6m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kenan-Flagler Business School Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Pace Academy Inc ($44.6m), Razorback Foundation Inc ($44.6m) and Warren Wilson College ($44.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 29% of the total. At year end it held assets of $268.6m against liabilities of $8.6m, net assets of $260.0m. It reported 54 employees.