North Carolina Business Leadership Network Inc

Analysis

North Carolina Business Leadership Network Inc is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Business Leadership Network Inc reported income of $337k and spending of $280k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $337k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Carolina Business Leadership Network Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Carlisle Kiwanis Club Foundation ($337k), Kings Highway District Management Association Inc ($337k) and Capital Area Health Alliance ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $190k (68% of expenses). Other salaries and wages came to $7,543. At year end it held assets of $257k against liabilities of $70k, net assets of $187k. It reported 2 employees.