Uncw Student Aid Association Inc

Analysis

Uncw Student Aid Association Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 1966, 60 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Uncw Student Aid Association Inc reported income of $2.1m and spending of $2.3m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.1m (+5.8%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Uncw Student Aid Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Little Folks School ($2.1m), Bethel Emanuel Temple Inc ($2.1m) and United Way of Northeastern Minnesota Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.9m against liabilities of $17k, net assets of $2.9m.