North Carolina Association of Community Economic Development Inc

Analysis

North Carolina Association of Community Economic Development Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in March 1990, 36 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, North Carolina Association of Community Economic Development Inc reported income of $433k and spending of $344k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $433k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 55%. 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, North Carolina Association of Community Economic Development Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Mountain View Parent Nursery School Inc ($433k), Marathon Area Swim Association Inc ($433k) and Edmond Historical Society ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $71k. At year end it held assets of $567k against liabilities of $248k, net assets of $319k. It reported 2 employees.