North Carolina Economic Development Association Foundation Inc
EIN: 854233724 · Raleigh, NC · NTEE: S99
| Metric | Value |
|---|---|
| Total Revenue | $213K |
| Total Expenses | $113K |
| Net Assets | $279K |
Is North Carolina Economic Development Association Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Carolina Economic Development Association Foundation Inc
North Carolina Economic Development Association Foundation Inc (EIN: 854233724) is a nonprofit organization based in Raleigh, NC, classified under NTEE code S99. The organization reported total revenue of $213K and total assets of $403K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Economic Development Association Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Economic Development Association Foundation Inc is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $113K |
| Surplus / Deficit | +$78K |
| Total Assets | $279K |
| Net Assets | $279K |
| Operating Margin | 40.8% |
| Months of Reserves | 29.6 months |
Financial Health Grade: A
In 2023, North Carolina Economic Development Association Foundation Inc reported a surplus of $78K with revenue exceeding expenses, holds 29.6 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), North Carolina Economic Development Association Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.0% | +47.1% | +38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Carolina Economic Development Association Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Carolina Economic Development Association Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
Frequently Asked Questions about North Carolina Economic Development Association Foundation Inc
Is North Carolina Economic Development Association Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Economic Development Association Foundation Inc (EIN: 854233724) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Carolina Economic Development Association Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for North Carolina Economic Development Association Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to North Carolina Economic Development Association Foundation Inc tax-deductible?
North Carolina Economic Development Association Foundation Inc is registered as a tax-exempt nonprofit (EIN: 854233724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Carolina Economic Development Association Foundation Inc located?
North Carolina Economic Development Association Foundation Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 854233724. It is classified under NTEE code S99.
How many years of IRS 990 filings does North Carolina Economic Development Association Foundation Inc have?
North Carolina Economic Development Association Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $213K in total revenue.
Filing History
IRS 990 filing history for North Carolina Economic Development Association Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), North Carolina Economic Development Association Foundation Inc's revenue has declined by 23%, moving from $248K to $191K. Total assets increased by 38.9% over the same period, from $201K to $279K. Total functional expenses rose by 47.1%, from $77K to $113K. In its most recent filing year (2023), North Carolina Economic Development Association Foundation Inc reported a surplus of $78K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $113K | $279K | $0 | — | — |
| 2022 | $248K | $77K | $201K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Economic Development Association Foundation Inc:
Data Sources and Methodology
This transparency report for North Carolina Economic Development Association Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.