North Carolina Foundation for Nursing Inc

Analysis

North Carolina Foundation for Nursing Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 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 Foundation for Nursing Inc reported income of $126k and spending of $121k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $126k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 103% 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 Nursing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Sears Chapel Endowment Incorporated ($126k), Andover Senior Citizens Club Inc ($126k) and Road Runners Club of America ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 36% of the total. At year end it held assets of $572k against liabilities of $15k, net assets of $557k.