NC State Engineering Foundation Inc

Analysis

NC State Engineering Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1949, 77 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 2024, NC State Engineering Foundation Inc reported income of $13.7m and spending of $17.3m, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $14.9m to $13.7m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NC State Engineering Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Vermont Student Development Fund Inc ($13.7m), Providence Christian Academy Inc ($13.7m) and Association of Schools and Programs of Public Health Inc ($13.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 0.5% of the total. Other salaries and wages came to $656k. At year end it held assets of $183.7m against liabilities of $1.0m, net assets of $182.7m.