North Carolina Farm Bureau R Flake Shaw Memorial Scholarship Fund Inc

Analysis

North Carolina Farm Bureau R Flake Shaw Memorial Scholarship Fund Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2022, North Carolina Farm Bureau R Flake Shaw Memorial Scholarship Fund Inc reported income of $236k and spending of $118k, leaving 50% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $260k to $236k (-9.2%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Carolina Farm Bureau R Flake Shaw Memorial Scholarship Fund Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Family Service Assn of Glens Falls ($236k), Chicago Wolves Charities ($236k) and Delta Kilo Foundation ($236k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 41% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.