Rci-Iibec Foundation Inc

Analysis

Rci-Iibec Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover science and technology, 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 December 2023, Rci-Iibec Foundation Inc reported income of $340k and spending of $265k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $340k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rci-Iibec Foundation Inc sits at the 71st 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 63rd percentile within NC. Charities of a similar size with the same main cause include Project 440 Inc ($340k), Charlotte Choir School ($340k) and U S Board Riders Clubs ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $639k against liabilities of $0, net assets of $639k.