University of North Carolina Chapel Hill Arts and Sciences Foundation

Analysis

University of North Carolina Chapel Hill Arts and Sciences Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in October 1976, 50 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, University of North Carolina Chapel Hill Arts and Sciences Foundation reported income of $33.9m and spending of $23.0m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $25.1m to $33.9m (+35%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of North Carolina Chapel Hill Arts and Sciences Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include The Trustees of Anatolia College ($33.9m), Castilleja School Foundation ($33.9m) and Bethany Lutheran College & Seminary Inc ($33.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $523.2m against liabilities of $1.9m, net assets of $521.4m.