Foundation of the University of North Carolina at Wilmington Inc

Analysis

Foundation of the University of North Carolina at Wilmington Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 1966, 60 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, Foundation of the University of North Carolina at Wilmington Inc reported income of $271k and spending of $256k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $271k (-87%), an average of -50% a year. The sharpest change came in the year to June 2021, when income dropped by 75%. 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, Foundation of the University of North Carolina at Wilmington Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Brooklyn Technical High School Parent Association Inc ($271k), Pure in Heart Christian Academy & Performing Arts Center Inc ($271k) and West Valley Parent Teacher Organization ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $10.0m against liabilities of $0, net assets of $10.0m.