North Carolina Electrical Institute Inc

Analysis

North Carolina Electrical Institute Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Electrical Institute Inc reported income of $58k and spending of $50k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $58k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Electrical Institute Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Prairie View Elementary School Parent Teacher Organization ($58k), First Trust Team Corporation ($58k) and Rotary Club of Chinalake Charitable Foundation ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.