North Carolina Veterinary Medical Foundation Inc

Analysis

North Carolina Veterinary Medical Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, North Carolina Veterinary Medical Foundation Inc reported income of $16.4m and spending of $12.0m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.9m to $16.4m (+85%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Veterinary Medical Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Mastery Charter School - Smedley Elementary ($16.4m), Gould Academy ($16.4m) and Careerwise Colorado ($16.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $494k. At year end it held assets of $144.2m against liabilities of $449k, net assets of $143.7m.