NBCC Foundation Inc

Analysis

NBCC Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, NBCC Foundation Inc reported income of $5.2m and spending of $4.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.2m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NBCC Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Sifma Foundation for Investor Education Fie Inc ($5.2m), Stages ($5.2m) and Worcester Natural History Society ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $46k (1.0% of expenses). Other salaries and wages came to $872k. At year end it held assets of $3.4m against liabilities of $1.9m, net assets of $1.5m.