Equality North Carolina Foundation

Analysis

Equality North Carolina Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 December 2023, Equality North Carolina Foundation reported income of $712k and spending of $1.1m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $712k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Equality North Carolina Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Boys Club of Paris ($712k), Marthas Vineyard Cerebral Palsy Camp Inc ($712k) and Witness to Love Marriage Prep Renewal Ministry ($712k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $98k (9.0% of expenses). Other salaries and wages came to $535k. At year end it held assets of $1.2m against liabilities of $108k, net assets of $1.1m.