North Carolina Press Foundation Inc

Analysis

North Carolina Press Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, North Carolina Press Foundation Inc reported income of $335k and spending of $319k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $157k to $335k (+113%), an average of +21% a year. The sharpest change came in the year to July 2021, when income rose by 96%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Press Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Arizona Citizens for the Arts ($335k), Macguffin Theatre & Film Company ($335k) and Shakespeare Association of America ($335k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 66% and program service revenue 27% of the total. At year end it held assets of $893k against liabilities of $13k, net assets of $880k.