North Carolina State University Foundation Inc

Analysis

North Carolina State University Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 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, North Carolina State University Foundation Inc reported income of $64.3m and spending of $51.6m, spending 80% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $30.0m to $64.3m (+115%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 153%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina State University Foundation Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Greenhill School ($64.3m), Charlotte Country Day School ($64.4m) and Cabrini University ($64.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 19% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $755.5m against liabilities of $9.1m, net assets of $746.4m.