Tarheel Minuteman Foundation

Analysis

Tarheel Minuteman Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Tarheel Minuteman Foundation reported income of $115k and spending of $94k, spending 82% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $90k to $115k (+29%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 830%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tarheel Minuteman Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Zell Volunteer Fire Department ($115k), Amateur Athletic Union of the United States ($115k) and Patrick County Education Foundation ($115k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $927k against liabilities of $0, net assets of $927k.