North Carolina Legislative Black Caucus Foundation Inc

Analysis

North Carolina Legislative Black Caucus Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1990, 36 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 Legislative Black Caucus Foundation Inc reported income of $201k and spending of $298k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $215k to $201k (-6.5%), an average of -6.5% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Legislative Black Caucus Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Benjamin Stoddert School PTO ($201k), Paralyzed Veterans of America ($201k) and Tri-County Youth Services Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $426k against liabilities of $0, net assets of $426k.