Needham B Broughton Capital Foundation

Analysis

Needham B Broughton Capital Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Needham B Broughton Capital Foundation reported income of $121k and spending of $88k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $175k to $121k (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Needham B Broughton Capital Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Bsides Augusta Inc ($121k), Lynnfield Public Schools Parent Teacher Organization Inc ($121k) and William Hatch School Parent-Teacher Organization ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $922k against liabilities of $0, net assets of $922k.