Friends of the North Carolina Library Blind & Physical Handicap

Analysis

Friends of the North Carolina Library Blind & Physical Handicap is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the North Carolina Library Blind & Physical Handicap reported income of $141k and spending of $60k, leaving 57% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $142k to $141k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to June 2024, when income rose by 49%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the North Carolina Library Blind & Physical Handicap sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Missouri Valley Christian School ($141k), The Franklin County Education Foundation for Excellence ($141k) and Bridgeport High School All Sports Boosters ($141k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% of the total. At year end it held assets of $1.6m against liabilities of $1,522, net assets of $1.6m.