North Carolina Chamber Foundation

Analysis

North Carolina Chamber Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Chamber Foundation reported income of $2.7m and spending of $1.7m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $2.7m (+625%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 263%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Chamber Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Ahc Community Health Foundation ($2.7m), Women & Infants Corporation ($2.7m) and Ronald McDonald House Charities of Richmond Va Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.5m against liabilities of $703k, net assets of $4.8m.