NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION
Pub 78

NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION
Pub 78

RALEIGH, NC, US
501(c)(6)
EIN
56-6093438

NORTH CAROLINA ECONOMIC DEVELOPMENT ASSOCIATION
Pub 78

RALEIGH, NC, US
501(c)(6)
EIN
56-6093438

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$1,031,799

Program Services
98%
Investments
2%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$1,074,442

Other
49%
Fees to Service Providers
35%
Grants
15%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$980,849
$1,012,769
+3%
Membership Dues
$0
$0
-
Investments
$10,113
$17,349
+72%
Other
$2,364
$1,681
-29%
Total Revenues
$993,326
$1,031,799
+4%
Expenses
2023
2024
Change
Grants
$38,345
$165,309
+331%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$336,302
$376,985
+12%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$9,248
$9,359
+1%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$530,363
$522,789
-1%
Total Expenses
$914,258
$1,074,442
+18%
Net income
2023
2024
Change
Net income
+$79,068
-$42,643
-154%
Functional Expenses
Summary
2023
2024
Change
Program
$838,311
$1,008,776
+20%
Admin
$75,947
$65,666
-14%
Fundraising
$0
$0
-
Total Expenses
$914,258
$1,074,442
+18%
Income Statement
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