North Carolina School of Science & Mathematics Foundation

Analysis

North Carolina School of Science & Mathematics Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in December 1979, 47 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 2023, North Carolina School of Science & Mathematics Foundation reported income of $5.4m and spending of $6.4m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.4m to $5.4m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina School of Science & Mathematics Foundation sits at the 92nd percentile: it is larger than about 92% 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 Verde Valley School ($5.4m), Hispanic American Council Incorporated ($5.4m) and Young Womens Christian Association of Binghamton and Broome County ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $352k (5.5% of expenses). Other salaries and wages came to $1.6m. It paid $144k in professional fundraising fees. At year end it held assets of $45.1m against liabilities of $1.7m, net assets of $43.4m.