North Carolina Foundation for Alcohol and Drug Studies Inc

Analysis

North Carolina Foundation for Alcohol and Drug Studies Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, North Carolina Foundation for Alcohol and Drug Studies Inc reported income of $153k and spending of $134k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $294k to $153k (-48%), an average of -15% a year. The sharpest change came in the year to September 2020, when income dropped by 40%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Foundation for Alcohol and Drug Studies Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Friends of the Peabody Council on Aging Inc ($153k), Ministerio Mujeres Restauradas Por Dios Inc ($153k) and One Town Inc ($153k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $29k (21% of expenses). At year end it held assets of $550k against liabilities of $0, net assets of $550k.