North Carolina Bankers Association Foundation

Analysis

North Carolina Bankers Association Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Bankers Association Foundation reported income of $274k and spending of $118k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $274k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Bankers Association Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Van Alstyne Education Foundation Inc ($274k), National Lighting Contractors Association of America ($274k) and Machine Tool Technologies Research Foundation ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $5.1m against liabilities of $4,950, net assets of $5.1m.