NCF Carolinas Inc

Analysis

NCF Carolinas Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, NCF Carolinas Inc reported income of $1.4m and spending of $1.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, NCF Carolinas Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Kyle Petty Charity Ride Inc ($1.4m), Commonbond Endowment Foundation ($1.4m) and Yumas Education Scholarship Fund for Kids Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $500k (32% of expenses). Other salaries and wages came to $254k. At year end it held assets of $1.2m against liabilities of $6,995, net assets of $1.2m. It reported 8 employees.