Nc State Investment Fund Inc: $147.8M Revenue, $81.5M Expenses
Raleigh, North Carolina · EIN 311607634 · Filing year 2024
Nc State Investment Fund Inc reported $147.8M in total revenue, $81.5M in total expenses, and $2.2B in total assets on its 2024 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: C (54/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2024.
Key Facts (2024 Form 990)
- Total Revenue
- $147.8M
- Total Expenses
- $81.5M
- Total Assets
- $2.2B
- Reserve Months
- 320.7 months
- Surplus / (Deficit)
- $66.3M
- EIN
- 311607634
- Latest 990 Year
- 2024
- Current-Officer Compensation
- Not reported
- Officer Comp % of Revenue
- N/A
Nc State Investment Fund Inc earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 54/100.
Nc State Investment Fund Inc is a large nonprofit by U.S. standards: $147.8M in 2024 revenue against $81.5M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the financial-health factor, Nc State Investment Fund Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
Five-year revenue trajectory is strongly positive: Nc State Investment Fund Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Nc State Investment Fund Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.
How Nc State Investment Fund Inc Compares
Nc State Investment Fund Inc earns a NonprofitTruth efficiency grade of C (54/100). That is 10 points below the Education category average. The organization holds 320.7 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Nc State Investment Fund Inc reported $147.8M in revenue against $81.5M in total functional expenses for filing year 2024, holding roughly 320.7 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
Revenue History
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Nc State Investment Fund Inc has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Nc State Investment Fund Inc, Donor FAQ
Nc State Investment Fund Inc has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Current-officer compensation for Nc State Investment Fund Inc is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.
Nc State Investment Fund Inc reported $147.8M in annual revenue and $81.5M in total expenses for filing year 2024. The organization holds $2.2B in total assets.
Nc State Investment Fund Inc holds approximately 320.7 months of operating reserves (total assets relative to annual expenses) based on its 2024 IRS Form 990, one input into its C efficiency grade.
Nc State Investment Fund Inc is a registered 501(c) organization with EIN 311607634, based in Raleigh, North Carolina. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Education Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.