North Carolina Restaurant and Lodging Association Foundation Inc

Analysis

North Carolina Restaurant and Lodging Association Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Restaurant and Lodging Association Foundation Inc reported income of $767k and spending of $655k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $767k (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 381%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Restaurant and Lodging Association Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Sea Change Incorporated ($767k), Star Kids Scholarship Program ($767k) and Tradeoffs ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% of the total. At year end it held assets of $933k against liabilities of $108k, net assets of $825k.