North Carolina Freeenterprise Foundation

Analysis

North Carolina Freeenterprise Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Freeenterprise Foundation reported income of $293k and spending of $265k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $293k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Freeenterprise Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Avner Institute Inc ($293k), St Johns Church Endoment Fund Inc ($293k) and Little League Baseball Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. It paid $13k in professional fundraising fees. At year end it held assets of $87k against liabilities of $69k, net assets of $19k.