New North Carolina Project

Analysis

New North Carolina Project is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New North Carolina Project reported income of $596k and spending of $291k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $716k to $596k (-17%), an average of -8.8% a year. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New North Carolina Project sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Educational Services Corpus Christi Corp ($596k), Los Angeles Metropolitan Debate Commission ($596k) and Lake School Corporation ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $14k in professional fundraising fees. At year end it held assets of $632k against liabilities of $114k, net assets of $518k.