North Carolina Center for Non Profit Organizations Inc

Analysis

North Carolina Center for Non Profit Organizations Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Center for Non Profit Organizations Inc reported income of $1.5m and spending of $1.9m, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $1.5m (-23%), an average of -8.5% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Carolina Center for Non Profit Organizations Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Chautauqua Region Industrial Development Corporation ($1.5m), Campus of the San Antonio Jewish Community ($1.5m) and Hampton Roads Executive Roundtable ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $474k (25% of expenses). Other salaries and wages came to $731k. At year end it held assets of $2.3m against liabilities of $462k, net assets of $1.8m. It reported 18 employees.