ADVANCE NORTH CAROLINA INC

RALEIGH, NC, 27611-7421 (910) 379-9753 Est. 2015 EIN 47-2740671
S30 - Economic Development 990 - Public charity return 501(c)(4)
www.advancecarolina.org

Mission

TO BUILD POLITICAL AND ECONOMIC POWER IN BLACK COMMUNITIES AND INSTITUTIONS IN NORTH CAROLINA.

Giving Portfolio

Total Grants
8
Total Giving
$222K
Recipients
8
Years Active
2024
Avg grant: $27,750 Median: $25,000

Sectors Funded

Civil Rights & Advocacy
2
Youth Development
1
Human Services
1

Top States

North Carolina
7
Florida
1

Grantee Size Profile

$100K - $500K
1

Top Grantees

GEORGE C SMIKINS MEMORIAL POLITICAL ACTION COMMITTEE
NC
$50K
RALEIGH WAKE CITIZENS ASSOCIATION
NC
$30K
BLADEN COUNTY IMPROVEMENT ASSOCIATION
NC
$30K
FORSYTH BLACK CAUCUS PAC
NC
$20K

Grants Awarded · 4 grants

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Financials

Total Revenue
$3,462,065
Total Expenses
$2,683,207
Net Assets
$2,750,686
13 employees 6 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
12.3 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 119.0%
Expenses ↑ 111.7%
Revenue Sources
Contributions 97.4% Investment 2.6%
Expense Breakdown
Program 70.2% Management 29.8%

Officers & Trustees (8)

Individual compensation is available on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$3,462,065 ↑$2,683,207$2,750,686
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$1,580,606 ↓$1,267,410$2,002,377
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$1,758,556 ↑$1,978,388$1,676,803
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$822,828 ↓$948,089$1,897,181
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$3,386,511 ↑$1,741,344$2,118,205
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$561,341 ↑$356,626$360,837
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$423,848 $373,838$155,852

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EIN: 47-2740671 · Source: IRS Form 990 e-file data