North Carolina Society of the Cincinnati

Analysis

North Carolina Society of the Cincinnati is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Carolina Society of the Cincinnati reported income of $692k and spending of $692k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $480k to $692k (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 101%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Society of the Cincinnati sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Orwell Library Association ($692k), Inland Lakes Educational Foundation ($692k) and Nelson County Health Services Foundation ($692k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 21% of the total. Other salaries and wages came to $62k. At year end it held assets of $5.4m against liabilities of $35k, net assets of $5.4m. It reported 2 employees.