North Carolina Association for the Gifted and Talented Incorporated N

Analysis

North Carolina Association for the Gifted and Talented Incorporated N is a registered charity in United States, based in Pfafftown, NC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, North Carolina Association for the Gifted and Talented Incorporated N reported income of $231k and spending of $171k, leaving 26% of income unspent that year. Across the 4 years on record, from May 2019 to May 2023, income grew from $141k to $231k (+63%), an average of +18% a year. The sharpest change came in the year to May 2023, when income rose by 137%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Association for the Gifted and Talented Incorporated N sits at the 63rd percentile: it is larger than about 63% 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 Roswell Museum and Art Center Foundation ($231k), Wentworth Military Academy Museum Inc ($231k) and Chenango River Theatre Inc ($231k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $39k (23% of expenses). At year end it held assets of $221k against liabilities of $1,324, net assets of $220k. It reported 2 employees.