MCNC Endowment

Analysis

MCNC Endowment is a registered charity in United States, based in Research Triangle Park, NC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MCNC Endowment reported income of $3.4m and spending of $205k, leaving 94% of income unspent that year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 2.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, MCNC Endowment sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Project Row Houses ($3.4m), The Cowles Center ($3.4m) and Efforts of Grace Inc ($3.4m).

At year end it held assets of $143.4m against liabilities of $25k, net assets of $143.3m.