Food Science Club at North Carolina State University

Analysis

Food Science Club at North Carolina State University is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Food Science Club at North Carolina State University reported income of $82k and spending of $35k, leaving 58% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income fell from $108k to $82k (-23%), an average of -12% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Science Club at North Carolina State University sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include National Charity League Roswell Alpharetta Chapter ($82k), Family Institute of Westchester ($82k) and Williams Chicken Partners in Education ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k.