The Wake County Bar Association Foundation

Analysis

The Wake County Bar Association Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 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, The Wake County Bar Association Foundation reported income of $205k and spending of $187k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $205k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wake County Bar Association Foundation 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 Billiard TR Fbo St John Vianney Seminary ($205k), Upcycle Parts Shop ($205k) and Maple Corporation ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $254k against liabilities of $1,620, net assets of $253k.