North Carolina Legal Education Assistance Foundation

Analysis

North Carolina Legal Education Assistance Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 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 June 2023, North Carolina Legal Education Assistance Foundation reported income of $660k and spending of $235k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $427k to $660k (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 386%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Legal Education Assistance Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Church Women United of Columbia Falls ($660k), Nemo Senior Citizens Service Corp ($660k) and Interservice Walk & Knock of Clark County ($660k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $89k (38% of expenses). At year end it held assets of $1.1m against liabilities of $24k, net assets of $1.1m.