The Historic Preservation Foundation of North Carolina Inc

Analysis

The Historic Preservation Foundation of North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 1977, 49 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 December 2022, The Historic Preservation Foundation of North Carolina Inc reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $1.7m (+15%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Historic Preservation Foundation of North Carolina Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.7m), Independent Scholastic Association Incorporated ($1.7m) and American Druze Society ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $87k (5.2% of expenses). Other salaries and wages came to $739k. At year end it held assets of $8.5m against liabilities of $977k, net assets of $7.5m. It reported 25 employees.