NC Project Lead

Analysis

NC Project Lead is a registered charity in United States, based in Sunset Beach, NC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, NC Project Lead reported income of $149k and spending of $145k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $22k to $149k (+575%), an average of +160% a year. The sharpest change came in the year to December 2023, when income rose by 16224%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NC Project Lead sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Freedom in Me Business Showers ($149k), Half Moon Bay Downtown Association Inc ($149k) and Clovis Culinary Center ($149k).

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 $149k against liabilities of $143k, net assets of $5,854.