The North Carolina Cpa Foundation Inc

Analysis

The North Carolina Cpa Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 1980, 46 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 April 2023, The North Carolina Cpa Foundation Inc reported income of $165k and spending of $120k, leaving 27% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income fell from $209k to $165k (-21%), an average of -5.8% a year. The sharpest change came in the year to April 2022, when income rose by 91%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The North Carolina Cpa Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Mecosta County Council on Aging ($165k), Veterans Rural Outreach Ky Inc ($165k) and Birmingham Bandits Lacrosse Club Inc ($165k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.0m against liabilities of $43k, net assets of $991k.