RURAL ECONOMIC DEVELOPMENT CENTER INC

RALEIGH, NC, 27610 (919) 250-4314 Est. 1987 EIN 56-1552375
S320 - Community Improvement 990 - Public charity return 501(c)(3)
www.ncruralcenter.org

Mission

WE CHAMPION RURAL NORTH CAROLINA BY INVESTING IN PEOPLE, COMMUNITIES AND POTENTIALAND ENVISION A RURAL NORTH CAROLINA WHERE EVERY RURAL VOICE MATTERS AND EVERY RURALCOMMUNITY THRIVES.

Giving Portfolio

Total Grants
74
Total Giving
$8.9M
Recipients
47
Years Active
2020 - 2024
Avg grant: $98,921 Median: $15,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202426$2.5M $96K260
202321$2.3M $110K46
202215$3.9M $259K81
20218$115K $14K01
20204$64K $16K10

Sectors Funded

Community Improvement
6
Human Services
6
Religion-Related
3
Philanthropy & Grantmaking
1
Public & Societal Benefit
1

Top States

North Carolina
72
Tennessee
1
West Virginia
1

Grantee Size Profile

$1M - $5M
8
$10M - $50M
3
$100K - $500K
3
$5M - $10M
1

Top Grantees

Page 1 of 3
NORTH CAROLINA STATE UNIVERSITY SMALL BUSINESS AND TECHNOLOGY DEVELOPMENT C
NC
$1.8M
$665K
UP COMMUNITY FUND LLC
NC - 2 grants
$475K

Grants Awarded · 53 grants

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Financials

Total Revenue
$69,981,334
Total Expenses
$11,635,108
Net Assets
$215,784,192
63 employees 22 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 15.3%
Expenses ↓ 11.2%
Revenue Sources
Contributions 80.4% Earned revenue 0.7% Investment 18.5%
Expense Breakdown
Program 77.4% Management 21.7% Fundraising 0.8%

Officers & Trustees (33)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$69,981,334 ↑$11,635,108$215,784,192
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$60,678,534 ↑$13,096,953$160,732,216
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$21,387,422 ↑$11,713,020$115,528,670
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$11,378,133 ↓$7,400,388$108,721,408
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$47,793,767 ↑$6,129,181$111,533,578
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$5,989,172 ↑$4,667,786$62,669,033
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$4,615,637 $3,514,107$70,645,806

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EIN: 56-1552375 · Source: IRS Form 990 e-file data