North Carolina Healthcare Foundation Inc

Analysis

North Carolina Healthcare Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, North Carolina Healthcare Foundation Inc reported income of $5.3m and spending of $5.3m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.5m to $5.3m (+17%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 538%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Healthcare Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Hearing Speech & Deafness Center ($5.3m), The Public Health Advocacy Institute Inc ($5.3m) and Solbon International Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $10.9m against liabilities of $1.6m, net assets of $9.3m. It reported 70 employees.