State Capitol Foundation Inc

Analysis

State Capitol Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, State Capitol Foundation Inc reported income of $67k and spending of $94k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $79k to $67k (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 426%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Capitol Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Patten Lumbermens Museum ($67k), Ben E Clement Mineral Museum Inc ($67k) and Gurung Tamu Society Inc ($67k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 1.6% of the total. At year end it held assets of $696k against liabilities of $0, net assets of $696k.