East Carolina University Educational Foundation Inc

Analysis

East Carolina University Educational Foundation Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in June 1950, 76 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, East Carolina University Educational Foundation Inc reported income of $26.7m and spending of $13.6m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.5m to $26.7m (+72%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 123%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, East Carolina University Educational Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Boys and Girls Clubs of King County ($26.7m), Sugar Bowl Louisiana Superdome ($27.0m) and River Parks Authority ($26.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $47.8m against liabilities of $3.3m, net assets of $44.5m.