Printing Industry of the Carolinas Foundation

Analysis

Printing Industry of the Carolinas Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1965, 61 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Printing Industry of the Carolinas Foundation reported income of $196k and spending of $95k, leaving 51% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $56k to $196k (+248%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 82%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Printing Industry of the Carolinas Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Accion Opportunity Fund Inc ($196k), The Village of Spring Hill Inc ($196k) and State College Association of University Women Inc ($196k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.