The North Carolina Public Television Foundation Inc

Analysis

The North Carolina Public Television Foundation Inc is a registered charity in United States, based in RTP, NC. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2023, The North Carolina Public Television Foundation Inc reported income of $1.5m and spending of $1.9m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $722k to $1.5m (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The North Carolina Public Television Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Place Dubourg Inc ($1.5m), National Day of Prayer Task Force ($1.5m) and Graduate Fellowships for Science Technology Engineering and ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% and program service revenue 4.4% of the total. At year end it held assets of $5.7m against liabilities of $463k, net assets of $5.3m.