North Carolina Business Committee for Education Inc

Analysis

North Carolina Business Committee for Education Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1986, 40 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 December 2023, North Carolina Business Committee for Education Inc reported income of $4.3m and spending of $2.8m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $4.3m (+1241%), an average of +91% a year. The sharpest change came in the year to December 2020, when income rose by 604%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Business Committee for Education Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Womens Shelter of South Texas ($4.3m), Dominican Sisters of Chicago Rosary Hill Home ($4.3m) and Arc Riverside ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.4m against liabilities of $382k, net assets of $2.1m.