Old North State Medical Foundation

Analysis

Old North State Medical Foundation is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Old North State Medical Foundation reported income of $215k and spending of $214k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $235k to $215k (-8.9%), an average of -8.9% a year. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Old North State Medical Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Coalition Against Poverty in Suffolk Inc ($215k), Community Matters Insurance Partners of Charlotte ($215k) and Helping Hands Horse Rescue and Equine Therapy Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.