North Carolina State University College of Sciences Foundation Inc

Analysis

North Carolina State University College of Sciences Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 State University College of Sciences Foundation Inc reported income of $3.4m and spending of $2.2m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.9m to $3.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2024, when income rose by 35%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Carolina State University College of Sciences Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Center for Assessment and Treatment a New Jersey Non-Profit Corporati ($3.4m), The Mary Kay Foundation ($3.4m) and Judi and Steven B Fader Family Foundation ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $252k. At year end it held assets of $45.5m against liabilities of $755k, net assets of $44.7m.