The Foundation of the University of North Carolina at Charlotte Inc

Analysis

The Foundation of the University of North Carolina at Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Foundation of the University of North Carolina at Charlotte Inc reported income of $23.7m and spending of $20.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.5m to $23.7m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation of the University of North Carolina at Charlotte Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Clark County Food Bank ($23.7m), Adventist Home Health Services Inc ($23.7m) and Enable Inc ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $331.5m against liabilities of $68.8m, net assets of $262.7m.