North Carolina Community Foundation Inc

Analysis

North Carolina Community Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1986, 40 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 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 March 2024, North Carolina Community Foundation Inc reported income of $47.9m and spending of $39.0m, spending 81% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $74.1m to $47.9m (-35%), an average of -10% a year. The sharpest change came in the year to March 2022, when income rose by 112%. Over the whole period it spent 56% 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 Community Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Comic Relief Inc ($47.5m), United Jewish Foundation ($48.0m) and United Way Inc ($47.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 64% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $476k (1.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $459.1m against liabilities of $40.8m, net assets of $418.2m. It reported 48 employees.