Development Foundation of the North Carolina Center for the Advancemen

Analysis

Development Foundation of the North Carolina Center for the Advancemen is a registered charity in United States, based in Cullowhee, NC. It received its IRS tax-exemption ruling in November 1994, 32 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Development Foundation of the North Carolina Center for the Advancemen reported income of $492k and spending of $310k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $303k to $492k (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Development Foundation of the North Carolina Center for the Advancemen sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Common Sense for Oregon Foundation ($492k), League of Women Voters of Minnesota Education Fund Inc ($492k) and Parkway Youth Hockey Inc ($492k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 11% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.