North Carolina Rare Disease Innovations Institute Inc

Analysis

North Carolina Rare Disease Innovations Institute Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Rare Disease Innovations Institute Inc reported income of $171k and spending of $139k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $171k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Rare Disease Innovations Institute Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Stuck Community Acupuncture Inc ($171k), Rice Memorial Clinic Foundation ($171k) and Ferguson Business Associates ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.