North Carolina Home Builders Assoc Educational & Charitable Foundatio

Analysis

North Carolina Home Builders Assoc Educational & Charitable Foundatio is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Home Builders Assoc Educational & Charitable Foundatio reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.8m to $1.5m (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Home Builders Assoc Educational & Charitable Foundatio sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Bridges Middle School ($1.5m), Persist Nashville Inc ($1.5m) and Seacoast Waldorf Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $5.2m against liabilities of $1.8m, net assets of $3.5m.