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Education · 2024 Form 990

North Carolina State University Foundation Inc: $64.3M Revenue, $51.6M Expenses

Raleigh, North Carolina · EIN 566049503 · Filing year 2024

North Carolina State University Foundation Inc reported $64.3M in total revenue, $51.6M in total expenses, and $755.5M 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.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
54/100

Key Facts (2024 Form 990)

Total Revenue
$64.3M
Total Expenses
$51.6M
Total Assets
$755.5M
Reserve Months
175.8 months
Surplus / (Deficit)
$12.8M
EIN
566049503
Latest 990 Year
2024
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

The composite efficiency score of 54/100 puts North Carolina State University Foundation Inc at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

North Carolina State University Foundation Inc reported $64.3M in 2024 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Reserves are the limiting factor: North Carolina State University Foundation Inc carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Five-year revenue trajectory is strongly positive: North Carolina State University Foundation 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, North Carolina State University Foundation 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.


$64.3M
Revenue
$51.6M
Expenses
$755.5M
Total Assets
N/A
Officer Compensation

How North Carolina State University Foundation Inc Compares

North Carolina State University Foundation Inc earns a NonprofitTruth efficiency grade of C (54/100). That is 10 points below the Education category average. The organization holds 175.8 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$51.6M
Total Expenses
Filing year 2024
Not reported
Officer Compensation
on this 990
175.8 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, North Carolina State University Foundation Inc reported $64.3M in revenue against $51.6M in total functional expenses for filing year 2024, holding roughly 175.8 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.

Trend

Revenue History

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North Carolina State University Foundation 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.

North Carolina State University Foundation Inc, Donor FAQ

North Carolina State University Foundation 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 North Carolina State University Foundation 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.

North Carolina State University Foundation Inc reported $64.3M in annual revenue and $51.6M in total expenses for filing year 2024. The organization holds $755.5M in total assets.

North Carolina State University Foundation Inc holds approximately 175.8 months of operating reserves (total assets relative to annual expenses) based on its 2024 IRS Form 990, one input into its C efficiency grade.

North Carolina State University Foundation Inc is a registered 501(c) organization with EIN 566049503, based in Raleigh, North Carolina. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

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.