North Caroliniana Society

Analysis

North Caroliniana Society is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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 2024, North Caroliniana Society reported income of $290k and spending of $295k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.0m to $290k (-72%), an average of -27% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Caroliniana Society sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Center for Democracy and Development in the Americas Inc ($290k), South Shore Eagles Inc ($290k) and New Trier Club ($290k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $59k (20% of expenses). At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.