North Carolina State University Alumni Association

Analysis

North Carolina State University Alumni Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1953, 73 years ago. 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 2024, North Carolina State University Alumni Association reported income of $5.7m and spending of $4.1m, leaving 28% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.8m to $5.7m (+51%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina State University Alumni Association sits at the 93rd percentile: it is larger than about 92% 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 Iuoe and Pipe Line Contractors Assoc Natl Pipe Line Training Fund ($5.7m), World Forest Id Association ($5.7m) and Summit Speech School ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 10% of the total. Other salaries and wages came to $764k. At year end it held assets of $69.6m against liabilities of $110k, net assets of $69.5m.