North Carolina Independent Colleges & Universities

Analysis

North Carolina Independent Colleges & Universities is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1964, 62 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, North Carolina Independent Colleges & Universities reported income of $3.8m and spending of $4.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.8m (+3.2%), an average of +0.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Independent Colleges & Universities sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Basca Inc ($3.8m), Army War College Foundation Incorporated ($3.8m) and Northwest Arkansas Head Start Human Services Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $692k (17% of expenses). Other salaries and wages came to $489k. At year end it held assets of $3.9m against liabilities of $764k, net assets of $3.2m. It reported 11 employees.