University of North Carolina Foundation Inc

Analysis

University of North Carolina 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 education, which this site groups under education and training. 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, University of North Carolina Foundation Inc reported income of $5.8m and spending of $4.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $306k to $5.8m (+1801%), an average of +109% a year. The sharpest change came in the year to June 2021, when income rose by 17105%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of North Carolina Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Academy Prep Foundation Inc ($5.8m), Alabama Aviation Education Center Incorporated ($5.8m) and The Hadanou Collective ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 6.1% of the total. At year end it held assets of $40.4m against liabilities of $34.4m, net assets of $5.9m.